Earnings Per Share
|3 Months Ended|
Mar. 31, 2021
|Earnings Per Share [Abstract]|
|Earnings Per Share||Earnings Per Share
The following table presents a reconciliation of the earnings (loss) and shares used in calculating basic and diluted earnings (loss) per share for the three months ended March 31, 2021 and 2020:
(1)If applicable, includes a nondiscretionary adjustment for the assumed change in the management fee calculation.
For the three months ended March 31, 2021, participating RSUs were included in the calculations of basic and diluted earnings per share as the two-class method was more dilutive than the alternative treasury stock method.
For the three months ended March 31, 2020, excluded from the calculation of diluted earnings per share is the effect of adding back $4.8 million of interest expense, net of a nondiscretionary adjustment for the assumed change in the management fee calculation, and 18,171,150 weighted average common share equivalents, related to the assumed conversion of the Company’s convertible senior notes, as their inclusion would be antidilutive.
The entire disclosure for earnings per share.
Reference 1: http://www.xbrl.org/2003/role/disclosureRef