Earnings per Share and Unit (Tables)

6 Months Ended

Jun. 30, 2021

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)	2021		2020		2021		2020
Numerator:
Income (loss) attributable to common stockholders - basic	$	95,490		19,046	$	176,146		(6,286	)
Income (loss) attributable to common stockholders - diluted	$	95,490		19,046	$	176,146		(6,286	)
Denominator:
Weighted average common shares outstanding for basic EPS		169,854		169,643		169,812		168,781
Weighted average common shares outstanding for diluted EPS ⁽¹⁾		170,172		169,971		170,065		168,781
Income (loss) per common share – basic	$	0.56		0.11	$	1.04		(0.04	)
Income (loss) per common share – diluted	$	0.56		0.11	$	1.04		(0.04	)

⁽¹⁾

^{The six months ended June 30, 2020, excludes the impact of unvested restricted stock because it would be anti-dilutive.}

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

	Three months ended June 30,				Six months ended June 30,
(in thousands, except per share data)	2021		2020		2021		2020
Numerator:
Income (loss) attributable to common unit holders - basic	$	95,922		19,133	$	176,942		(6,314	)
Income (loss) attributable to common unit holders - diluted	$	95,922		19,133	$	176,942		(6,314	)
Denominator:
Weighted average common units outstanding for basic EPU		170,617		170,409		170,576		169,546
Weighted average common units outstanding for diluted EPU ⁽¹⁾		170,935		170,736		170,828		169,546
Income (loss) per common unit – basic	$	0.56		0.11	$	1.04		(0.04	)
Income (loss) per common unit – diluted	$	0.56		0.11	$	1.04		(0.04	)

⁽¹⁾

^{The six months ended June 30, 2020, excludes the impact of unvested restricted stock because it would be anti-dilutive.}