Earnings per Share and Unit (Tables)

6 Months Ended

Jun. 30, 2023

Schedule of earnings per share

The following summarizes the calculation of basic and diluted earnings per share:

	Three months ended June 30,				Six months ended June 30,
(in thousands, except per share data)	2023		2022		2023		2022
Numerator:
Income attributable to common shareholders - basic	$	86,782		104,796	$	184,063		300,024
Income attributable to common shareholders - diluted	$	86,782		104,796	$	184,063		300,024
Denominator:
Weighted average common shares outstanding for basic EPS		170,990		172,064		171,100		171,692
Weighted average common shares outstanding for diluted EPS (1)		171,275		172,424		171,369		172,036
Income per common share – basic	$	0.51		0.61	$	1.08		1.75
Income per common share – diluted	$	0.51		0.61	$	1.07		1.74

(1)Includes the dilutive impact of unvested restricted stock.

Partnership Interest [Member]

Schedule of earnings per share

The following summarizes the calculation of basic and diluted earnings per unit ("EPU"):

	Three months ended June 30,				Six months ended June 30,
(in thousands, except per share data)	2023		2022		2023		2022
Numerator:
Income attributable to common unit holders - basic	$	87,332		105,248	$	185,033		301,339
Income attributable to common unit holders - diluted	$	87,332		105,248	$	185,033		301,339
Denominator:
Weighted average common units outstanding for basic EPU		171,891		172,805		171,922		172,448
Weighted average common units outstanding for diluted EPU (1)		172,176		173,165		172,192		172,791
Income per common unit – basic	$	0.51		0.61	$	1.08		1.75
Income per common unit – diluted	$	0.51		0.61	$	1.07		1.74

(1)Includes the dilutive impact of unvested restricted stock.