Loss per Share (Tables)

9 Months Ended

Sep. 30, 2020

Calculation of Weighted Average Common Shares Outstanding Used in Computation of Diluted (Loss) Earnings Per Share

The following table summarizes the calculation of weighted average common shares outstanding used in the computation of diluted (loss) earnings per share:


	Net (Loss) Earnings		Weighted Average Shares	(Loss) Earnings Per Share

	(In thousands, except per share amounts)
Three Months Ended September 30, 2020
Basic loss per share	$	(48,749)	35,783	$	(1.36)
Effect of dilutive securities
Restricted stock awards(1)	—		—
Performance share units(1)	—		—
Warrants(1)	—		—
Stock options(1)	—		—
Diluted loss per share	$	(48,749)	35,783	$	(1.36)
Three Months Ended September 30, 2019
Basic loss per share	$	(181,602)	35,491	$	(5.12)
Effect of dilutive securities
Restricted stock awards(1)	—		—
Performance share units(1)	—		—
Warrants(1)	—		—
Stock options(1)	—		—
Diluted earnings per share	$	(181,602)	35,491	$	(5.12)
Nine Months Ended September 30, 2020
Basic loss per share	$	(277,198)	35,649	$	(7.78)
Effect of dilutive securities
Restricted stock awards(1)	—		—
Performance share units(1)	—		—
Warrants(1)	—		—
Stock options(1)	—		—
Diluted loss per share	$	(277,198)	35,649	$	(7.78)
Nine Months Ended September 30, 2019
Basic loss per share	$	(200,163)	35,390	$	(5.66)
Effect of dilutive securities
Restricted stock awards(1)	—		—
Performance share units(1)	—		—
Warrants(1)	—		—
Diluted loss per share	$	(200,163)	35,390	$	(5.66)

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(1) No incremental shares of potentially dilutive restricted stock awards, performance share units, warrants or stock options were included for the three and nine-month periods ended September 30, 2020 and 2019, as their effect was antidilutive under the treasury stock method.