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

3 Months Ended

Mar. 31, 2022

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 months ended March 31, 2022 and 2021:

	Three Months Ended March 31,
	2022		2021
	(in thousands, except share and per share amounts)
Numerator:
Net income available to common stockholders	$	53,128	$	497,631
Allocation to participating securities (1)	(413)		(365)
Numerator for basic and diluted net income available to common stockholders	$	52,715	$	497,266
Denominator:
Basic weighted average vested shares outstanding	116,650,228		116,344,375
Effect of dilutive securities	409,866		457,009
Diluted weighted average vested shares and common stock equivalents outstanding	117,060,094		116,801,384
Basic earnings per share:
Net income available to common stockholders per share	$	0.45	$	4.27
Diluted earnings per share:
Net income available to common stockholders per share	$	0.45	$	4.26

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(1)Participating securities include certain time-based RSUs and vested market measure-based RSUs.