Quarterly report pursuant to Section 13 or 15(d)

Summary of Significant Accounting Policies (Tables)

v3.21.1
Summary of Significant Accounting Policies (Tables)
3 Months Ended
Mar. 31, 2021
Summary of Significant Accounting Policies  
Reconciliation of basic weighted average shares outstanding to diluted weighted average shares outstanding

The following is a reconciliation of the Company’s basic weighted average shares outstanding to diluted weighted average shares outstanding during the periods presented (in thousands):

Three Months Ended March 31,

   

2020

   

2021

Basic weighted average number of shares outstanding

284,227

296,746

Add: Dilutive effect of RSUs

Add: Dilutive effect of outstanding stock options

Add: Dilutive effect of PSUs

Add: Dilutive effect of 2026 Convertible Notes

Diluted weighted average number of shares outstanding

284,227

296,746

Weighted average number of outstanding securities excluded from calculation of diluted earnings per common share (1):

RSUs

5,952

6,455

Outstanding stock options

459

427

PSUs

1,621

1,863

2026 Convertible Notes

15,307

(1) The potential dilutive effects of these awards were excluded from the computation of diluted earnings (loss) per common share because the inclusion of these awards would have been anti-dilutive.