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EARNINGS PER SHARE (Tables)
12 Months Ended
Dec. 31, 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 Years Ended December 31,

 

 

 

2022

 

 

2021

 

 

2020

 

NUMERATOR

 

 

 

 

 

 

 

 

 

Basic:

 

 

 

 

 

 

 

 

 

Net income (loss) attributable to common
   stockholders

 

$

122,320

 

 

$

(51,896

)

 

$

54,157

 

Diluted:

 

 

 

 

 

 

 

 

 

Net income (loss) attributable to common
   stockholders

 

$

122,320

 

 

$

(51,896

)

 

$

54,157

 

Net income attributable to non-controlling
   interest

 

 

 

 

 

 

 

 

1,181

 

Diluted net income (loss) attributable to common
   stockholders

 

$

122,320

 

 

$

(51,896

)

 

$

55,338

 

DENOMINATOR

 

 

 

 

 

 

 

 

 

Basic:

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding

 

 

118,199

 

 

 

120,192

 

 

 

119,559

 

Diluted:

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding

 

 

118,199

 

 

 

120,192

 

 

 

119,559

 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

 

Restricted stock-based awards

 

 

899

 

 

 

 

 

 

28

 

Non-controlling interest - Operating
   Partnership Units

 

 

 

 

 

 

 

 

1,342

 

Weighted average shares and assumed
   conversions

 

 

119,098

 

 

 

120,192

 

 

 

120,929

 

BASIC EARNINGS (LOSS) PER SHARE

 

$

1.03

 

 

$

(0.43

)

 

$

0.45

 

DILUTED EARNINGS (LOSS) PER SHARE

 

$

1.03

 

 

$

(0.43

)

 

$

0.45