NET INCOME PER SHARE (Tables)

3 Months Ended

Mar. 31, 2024

Earnings Per Share [Abstract]

Schedule of Net Income Per Share

The computation of basic and diluted net income per share for the periods presented in the condensed consolidated financial statements is shown in the tables below:

	Three Months Ended March 31,
	2024		2023
	(In thousands, except per share amounts)
Net income attributable to Class A common shareholders	$	11,550	$	1,436
Less: Net income available to participating unvested restricted Class A common shareholders(1)	(4,394)		(4,156)
Total net income attributable to Class A common shareholders	$	7,156	$	(2,720)
Weighted average shares outstanding - basic(2)	57,869		47,612
Dilutive effect of unvested Class A common shares(3)	523		213
Weighted average shares outstanding - diluted(2)(4)	58,392		47,825
Net income available per common share - basic	$	0.12	$	(0.06)
Net income available per common share - diluted	$	0.12	$	(0.06)

(1)Represents dividends paid to unvested Class A Shares.

(2)Weighted average Class A common shares have been retrospectively restated due to bonus effect of Class A common shares issued under the Reinvestment Agreement for all periods presented in which the Class A common shares were outstanding.

(3)Includes dilutive effect from both RSUs and PSUs on unvested Class A common shares.

(4)The effect of an assumed exchange of outstanding Common Units (and the cancellation of a corresponding number of shares of outstanding Class C Common Stock) would have been anti-dilutive for all periods presented in which the Common Units were outstanding.