Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share (Tables)

v3.20.1
Earnings Per Share (Tables)
 3 Months Ended
Mar. 31, 2020
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted
The following table presents a reconciliation of the loss and shares used in calculating basic and diluted loss per share for the three months ended March 31, 2020 and 2019:
 
Three Months Ended
 
March 31,
(in thousands, except share data)
2020
 
2019
Numerator:
 
 
 
Net loss
$
(1,869,656
)
 
$
(25,935
)
Dividends on preferred stock
18,950

 
18,950

Net loss attributable to common stockholders - basic
(1,888,606
)
 
(44,885
)
Interest expense attributable to convertible notes (1)
—

 
—

Net loss attributable to common stockholders - diluted
$
(1,888,606
)
 
$
(44,885
)
Denominator:
 
 
 
Weighted average common shares outstanding
272,210,744

 
251,047,727

Weighted average restricted stock shares
1,181,871

 
1,310,151

Basic weighted average shares outstanding
273,392,615

 
252,357,878

Effect of dilutive shares issued in an assumed conversion
—

 
—

Diluted weighted average shares outstanding
273,392,615

 
252,357,878

Loss Per Share
 
 
 
Basic
$
(6.91
)
 
$
(0.18
)
Diluted
$
(6.91
)
 
$
(0.18
)

___________________
(1)
If applicable, includes a nondiscretionary adjustment for the assumed change in the management fee calculation.