EARNINGS PER SHARE (Tables)

9 Months Ended

Sep. 30, 2022

Schedule of Calculation of Numerator and Denominator in Earnings Per Share

A reconciliation of the numerator and denominator of the basic earnings per share computation to the numerator and denominator of the diluted earnings per share computation is as follows (in thousands, except per share data):

	For the Three Months Ended September 30,				For the Nine Months Ended September 30,
	2022		2021		2022		2021
NUMERATOR
Basic:
Net income (loss)	$	68,318	$	30,012	$	97,883	$	(79,933	)
Diluted:
Net income (loss)	$	68,318	$	30,012	$	97,883	$	(79,933	)
DENOMINATOR
Basic:
Weighted average common shares outstanding		116,569		120,285		119,282		120,161
Diluted:
Weighted average common shares outstanding		116,569		120,285		119,282		120,161
Effect of dilutive securities:
Restricted stock-based awards		881		641		774		—
Non-controlling interest - Operating Partnership      Units		—		1,123		—		—
Weighted average shares and assumed conversions		117,450		122,049		120,056		120,161
BASIC EARNINGS (LOSS) PER SHARE	$	0.59	$	0.25	$	0.82	$	(0.67	)
DILUTED EARNINGS (LOSS) PER SHARE	$	0.58	$	0.25	$	0.82	$	(0.67	)