Earnings per Share and Unit (Tables)

3 Months Ended

Mar. 31, 2021

Schedule of earnings per share

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

	Three months ended March 31,
(in thousands, except per share data)	2021		2020
Numerator:
Income (loss) attributable to common stockholders - basic	$	80,656		(25,332	)
Income (loss) attributable to common stockholders - diluted	$	80,656		(25,332	)
Denominator:
Weighted average common shares outstanding for basic EPS		169,768		167,908
Weighted average common shares outstanding for diluted EPS (1)		170,006		167,908
Income (loss) per common share – basic	$	0.48		(0.15	)
Income (loss) per common share – diluted	$	0.47		(0.15	)

^{(1) The three months ended March 31, 2020 excludes the impact of unvested restricted stock because they would be anti-dilutive}

Partnership Interest [Member]

Schedule of earnings per share

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

	Three months ended March 31,
(in thousands, except per share data)	2021		2020
Numerator:
Income (loss) attributable to common unit holders - basic	$	81,020		(25,447	)
Income (loss) attributable to common unit holders - diluted	$	81,020		(25,447	)
Denominator:
Weighted average common units outstanding for basic EPU		170,533		168,673
Weighted average common units outstanding for diluted EPU (1)		170,771		168,673
Income (loss) per common unit – basic	$	0.48		(0.15	)
Income (loss) per common unit – diluted	$	0.47		(0.15	)

^{(1) The three months ended March 31, 2020 excludes the impact of unvested restricted stock because they would be anti-dilutive}