Earnings per Share (Tables)

9 Months Ended

Sep. 30, 2021

Earnings Per Share [Abstract]

Basic and diluted earnings per share calculation

Basic and diluted EPS are calculated as follows:

	For the Three Months Ended September 30,				For the Nine Months Ended September 30,
	2021		2020		2021		2020
(in thousands, except share and per share data)
Numerator:
Net income available to common stockholders — basic and diluted	$	69,108	$	32,540	$	186,622	$	125,178
Denominator:
Weighted average common shares outstanding — basic	577,011,178		560,598,995		570,808,028		550,722,684
Effect of dilutive securities:
Incremental shares attributed to non-vested share-based awards	1,560,214		1,272,378		1,454,170		1,224,594
Weighted average common shares outstanding — diluted	578,571,392		561,871,373		572,262,198		551,947,278
Net income per common share — basic	$	0.12	$	0.06	$	0.33	$	0.23
Net income per common share — diluted	$	0.12	$	0.06	$	0.33	$	0.23