| Computation Of Basic And Diluted EPS |
The components of the computation of basic and diluted EPS are as follows: | | | | | | | | | | | | | | | | | | | | | | | Year Ended December 31, | | (In thousands except share amounts) | | 2023 | | 2022 | | 2021 | | Net income (loss) attributable to common stockholders | | $ | 60,902 | | | $ | (85,339) | | | $ | 125,346 | | Add: Net income (loss) attributable to Convertible Non-controlling Interests(1) | | 730 | | | (1,082) | | | 1,783 | | Net income (loss) attributable to common stockholders and Convertible Non-controlling Interests | | 61,632 | | | (86,421) | | | 127,129 | | | Dividends declared: | | | | | | | | Common stockholders | | (123,381) | | | (108,263) | | | (81,104) | | | Convertible Non-controlling Interests | | (1,458) | | | (1,378) | | | (1,120) | | | Total dividends declared to common stockholders and Convertible Non-controlling Interests | | (124,839) | | | (109,641) | | | (82,224) | | | Undistributed (Distributed in excess of) earnings: | | | | | | | | Common stockholders | | (62,479) | | | (193,602) | | | 44,242 | | | Convertible Non-controlling Interests | | (728) | | | (2,460) | | | 663 | | Total undistributed (distributed in excess of) earnings attributable to common stockholders and Convertible Non-controlling Interests | | $ | (63,207) | | | $ | (196,062) | | | $ | 44,905 | | | Weighted average shares outstanding (basic and diluted): | | | | | | | | Weighted average shares of common stock outstanding | | 68,252,096 | | | 59,852,647 | | | 48,535,221 | | | Weighted average Convertible Non-controlling Interest Units outstanding | | 811,067 | | | 763,043 | | | 679,710 | | Weighted average shares of common stock and Convertible Non-controlling Interest Units outstanding | | 69,063,163 | | | 60,615,690 | | | 49,214,931 | | Basic earnings per share of common stock and Convertible Non-controlling Interest Unit: | | | | | | | | Distributed | | $ | 1.80 | | | $ | 1.80 | | | $ | 1.64 | | | Undistributed (Distributed in excess of) | | (0.91) | | | (3.23) | | | 0.94 | | | | $ | 0.89 | | | $ | (1.43) | | | $ | 2.58 | | Diluted earnings per share of common stock and Convertible Non-controlling Interest Unit: | | | | | | | | Distributed | | $ | 1.80 | | | $ | 1.80 | | | $ | 1.64 | | | Undistributed (Distributed in excess of) | | (0.91) | | | (3.23) | | | 0.94 | | | | $ | 0.89 | | | $ | (1.43) | | | $ | 2.58 | |
(1)For the years ended December 31, 2023, 2022, and 2021, excludes net income (loss) of $3.1 million, $0.3 million, and $5.3 million, respectively, attributable to joint venture partners and Longbridge, as applicable, which have non-participating interests as described in Note 18.
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