Quarterly report pursuant to Section 13 or 15(d)

EQUITY

v3.20.1
EQUITY
 3 Months Ended
Mar. 31, 2020
Equity [Abstract]  
Equity EQUITY
Accumulated Other Comprehensive Loss
The following table presents changes in the components of AOCI, net of taxes, for the three months ended March 31, 2020:
Loss on Cash Flow Hedge  Foreign Currency Items Total
(in thousands)
Balance at December 31, 2019 $ —    $ (145,713)   $ (145,713)  
Other comprehensive loss before reclassifications
 (30,831)   (82,782)   $ (113,613)  
Net other comprehensive loss (30,831)   (82,782)   (113,613)  
Balance at March 31, 2020 $ (30,831)   $ (228,495)   $ (259,326)  

See Note 7—Fair Value Measurements for further discussion and disclosure of the fair value of our interest rate swap that has been designated as a cash flow hedge.
Earnings Per Share
Basic net income (loss) per common share is computed by dividing the net income (loss) available to common stockholders by the weighted average number of common shares outstanding during the period. The calculation of diluted net income (loss) per common share includes the effects of the assumed exercise of any outstanding stock options, the assumed vesting of shares of restricted and deferred stock awards and the assumed conversion of our convertible senior notes, where dilutive. For the three months ended March 31, 2020 and 2019, there were no reconciling items to the weighted average common shares outstanding in the calculation of diluted net income (loss) per common share.
The following table shows securities excluded from the calculation of diluted net income (loss) per common share because such securities are anti-dilutive:
Three Months Ended
March 31,
2020 2019
Options to purchase shares of common stock 11,050,847    11,800,771   
Restricted stock and deferred stock—unvested 3,794,490    3,866,613   
Conversion shares related to the convertible senior notes 11,864,035    8,911,890   
Number of anti-dilutive potentially issuable shares excluded from diluted common shares outstanding 26,709,372    24,579,274