Net Income Available to Common Stockholders Per Share of the Company (Tables)

6 Months Ended

Jun. 30, 2020

Earnings Per Share [Abstract]

Net income available to common stockholders

The following table reconciles the numerator and denominator in computing the Company’s basic and diluted per-share computations for net income available to common stockholders for the three and six months ended June 30, 2020 and 2019:

	Three Months Ended June 30,						Six Months Ended June 30,
	2020			2019			2020			2019
	(in thousands, except share and per share amounts)
Numerator:
Net income available to common stockholders	$	19,618		$	42,194		$	59,435		$	79,097
Allocation to participating securities (1)	(542		)	(543		)	(1,085		)	(1,052		)
Numerator for basic and diluted net income available to common stockholders	$	19,076		$	41,651		$	58,350		$	78,045
Denominator:
Basic weighted average vested shares outstanding	115,084,897			100,972,355			110,980,066			100,937,069
Effect of dilutive securities	454,828			837,186			484,581			681,884
Diluted weighted average vested shares and common stock equivalents outstanding	115,539,725			101,809,541			111,464,647			101,618,953
Basic earnings per share:
Net income available to common stockholders per share	$	0.17		$	0.41		$	0.53		$	0.77
Diluted earnings per share:
Net income available to common stockholders per share	$	0.17		$	0.41		$	0.52		$	0.77

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(1)

Participating securities include nonvested shares, certain time-based RSUs and vested market measure-based RSUs.