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):
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For the Years Ended December 31, |
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2022 |
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2021 |
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2020 |
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NUMERATOR |
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Basic: |
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Net income (loss) attributable to common stockholders |
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$ |
122,320 |
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$ |
(51,896 |
) |
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$ |
54,157 |
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Diluted: |
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Net income (loss) attributable to common stockholders |
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$ |
122,320 |
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$ |
(51,896 |
) |
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$ |
54,157 |
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Net income attributable to non-controlling interest |
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— |
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— |
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1,181 |
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Diluted net income (loss) attributable to common stockholders |
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$ |
122,320 |
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$ |
(51,896 |
) |
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$ |
55,338 |
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DENOMINATOR |
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Basic: |
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Weighted average common shares outstanding |
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118,199 |
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120,192 |
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119,559 |
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Diluted: |
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Weighted average common shares outstanding |
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118,199 |
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120,192 |
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119,559 |
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Effect of dilutive securities: |
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Restricted stock-based awards |
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899 |
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— |
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28 |
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Non-controlling interest - Operating Partnership Units |
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— |
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— |
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1,342 |
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Weighted average shares and assumed conversions |
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119,098 |
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120,192 |
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120,929 |
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BASIC EARNINGS (LOSS) PER SHARE |
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$ |
1.03 |
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$ |
(0.43 |
) |
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$ |
0.45 |
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DILUTED EARNINGS (LOSS) PER SHARE |
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$ |
1.03 |
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$ |
(0.43 |
) |
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$ |
0.45 |
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