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

3 Months Ended

Mar. 31, 2023

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, 2023 and 2022:

	Three Months Ended March 31,
	2023		2022
	(in thousands, except share and per share amounts)
Numerator:
Net income available to common stockholders	$	56,608	$	53,128
Allocation to participating securities (1)	(364)		(413)
Numerator for basic and diluted net income available to common stockholders	$	56,244	$	52,715
Denominator:
Basic weighted average vested shares outstanding	117,059,329		116,650,228
Effect of dilutive securities	347,189		409,866
Diluted weighted average vested shares and common stock equivalents outstanding	117,406,518		117,060,094
Basic earnings per share:
Net income available to common stockholders per share	$	0.48	$	0.45
Diluted earnings per share:
Net income available to common stockholders per share	$	0.48	$	0.45

________________________ 

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