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

12 Months Ended

Dec. 31, 2023

Schedule of 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 years ended December 31, 2023, 2022 and 2021:


	Year Ended December 31,
	2023		2022		2021
	(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 outstanding	117,160,173		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 outstanding	117,506,255		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

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