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Loss Per Share
9 Months Ended
Sep. 30, 2020
Earnings Per Share [Abstract]  
Loss Per Share Loss Per Share
The calculation of basic and diluted earnings per share for each period presented was as follows (dollars and shares in thousands, except per share amounts):
Three Months Ended
September 30,
Nine Months Ended September 30,
2020201920202019
Net loss$(21,551)$(532,987)(64,189)(554,609)
Basic - weighted average shares outstanding111,607 110,295 111,459 109,977 
Dilutive effect of stock options and restricted stock— — — — 
Dilutive effect of convertible notes due 2025— — — — 
Diluted - weighted average shares outstanding111,607 110,295 111,459 109,977 
Loss per share
Basic$(0.19)$(4.83)$(0.58)$(5.04)
Diluted$(0.19)$(4.83)$(0.58)$(5.04)
For all periods presented, we excluded all potentially dilutive stock options and restricted stock and the assumed conversion of the 2025 Notes in calculating diluted earnings per share as the effect was anti-dilutive due to the net losses incurred for these periods.