XML 62 R35.htm IDEA: XBRL DOCUMENT v3.24.0.1
Net Income Available to Common Stockholders Per Share of the Company
 12 Months Ended
Dec. 31, 2023
Earnings Per Share [Abstract]  
Net Income Available to Common Stockholders Per Share of the Company Net Income Available to Common Stockholders Per Share of the Company
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 years ended December 31, 2023, 2022 and 2021:

Year Ended December 31,
202320222021
(in thousands, except unit and per unit amounts)
Numerator:
Net income available to common stockholders$212,241 $232,615 $628,144 
Allocation to participating securities (1)
(1,233)(1,272)(1,516)
Numerator for basic and diluted net income available to common stockholders$211,008 $231,343 $626,628 
Denominator: 
Basic weighted average vested shares outstanding117,160,173 116,806,575 116,429,130 
Effect of dilutive securities 346,082 413,472 519,513 
Diluted weighted average vested shares and common stock equivalents outstanding117,506,255 117,220,047 116,948,643 
Basic earnings per share: 
Net income available to common stockholders per share$1.80 $1.98 $5.38 
Diluted earnings per share: 
Net income available to common stockholders per share$1.80 $1.97 $5.36 
_____________________ 
(1)Participating securities include nonvested shares, certain time-based RSUs and vested market measure-based RSUs.

Share-based payment awards that contain non-forfeitable rights to dividends or dividend equivalents (whether paid or unpaid) are considered participating securities. The impact of potentially dilutive common shares, including stock options and RSUs are considered in our diluted earnings per share calculation for the years ended December 31, 2023, 2022, and 2021. Certain market measure-based RSUs are not included in dilutive securities as of December 31, 2023, 2022 and 2021 as not all performance metrics had been met by the end of the applicable reporting periods. Additionally, certain unvested time-based RSUs are not included in dilutive securities for the year December 31, 2023, as they were anti-dilutive.
See Note 16 “Share-Based and Other Compensation” for additional information regarding the RSUs.