Income Per Share (Tables)

6 Months Ended

Jun. 30, 2023

Numerator:

Weighted Average Number of Common Shares Outstanding

The computation of basic and diluted earnings per common share is as follows (in thousands, except per share data):

		Three Months Ended				Six Months Ended
		June 30,				June 30,
		2023		2022		2023		2022
Numerator:
Net income available to common stockholders	$	66,543	$	50,284	$	127,863	$	25,663
Net income attributable to noncontrolling interest in consolidated joint venture		3,134		280		2,371		—
Net income available to common stockholders - if-converted method	$	69,677	$	50,564	$	130,234	$	25,663
Denominator:
Weighted average shares outstanding - basic		56,329		55,150		55,759		55,118
Effect of dilutive stock-based compensation		232		170		256		203
Effect of dilutive put rights		3,928		542		3,958		—
Weighted average shares outstanding - diluted		60,489		55,862		59,973		55,321
Basic income per share available to common stockholders	$	1.18	$	0.91	$	2.29	$	0.47
Diluted income per share available to common stockholders	$	1.15	$	0.91	$	2.17	$	0.46