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

9 Months Ended

Sep. 30, 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 and nine months ended September 30, 2022 and 2021:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
	(in thousands, except share and per share amounts)
Numerator:
Net income available to common stockholders	$	79,757	$	47,028	$	179,990	$	580,498
Allocation to participating securities (1)	(287)		(388)		(980)		(1,124)
Numerator for basic and diluted net income available to common stockholders	$	79,470	$	46,640	$	179,010	$	579,374
Denominator:
Basic weighted average vested shares outstanding	116,872,953		116,456,796		116,782,621		116,418,113
Effect of dilutive securities	369,458		505,884		380,528		476,321
Diluted weighted average vested shares and common stock equivalents outstanding	117,242,411		116,962,680		117,163,149		116,894,434
Basic earnings per share:
Net income available to common stockholders per share	$	0.68	$	0.40	$	1.53	$	4.98
Diluted earnings per share:
Net income available to common stockholders per share	$	0.68	$	0.40	$	1.53	$	4.96

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