INCOME PER SHARE (Tables)

6 Months Ended

Jun. 30, 2024

INCOME PER SHARE

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,
		2024		2023		2024		2023
Numerator:
Net income available to common stockholders	$	100,805	$	66,543	$	143,861	$	127,863
Net income attributable to noncontrolling interest in consolidated joint venture		3,270		3,134		2,691		2,371
Net income available to common stockholders - if-converted method	$	104,075	$	69,677	$	146,552	$	130,234
Denominator:
Weighted average shares outstanding - basic		59,895		56,329		59,817		55,759
Effect of dilutive stock-based compensation		206		232		314		256
Effect of dilutive put rights		3,122		3,928		3,315		3,958
Weighted average shares outstanding - diluted		63,223		60,489		63,446		59,973
Basic income per share available to common stockholders	$	1.68	$	1.18	$	2.41	$	2.29
Diluted income per share available to common stockholders	$	1.65	$	1.15	$	2.31	$	2.17