Earnings per share (Tables)

3 Months Ended

Mar. 31, 2023

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

The following table presents the computation of earnings per share for the three months ended March 31, 2023 (in thousands except share and per share amounts):

	For the three months ended March 31, 2023
Net income	$	30,739
Less net income attributable to non-controlling interest		23,895
Net income attributable to shareholders – basic and diluted	$	6,844
Weighted average shares outstanding – basic		26,254,167
Issued upon assumed exercise of outstanding stock options		—
Dilutive effect of unvested restricted common stock		15,695
Dilutive effect of unvested performance stock units		—
Class B Common Stock converted to Class A Common Stock		—
Weighted average shares outstanding – diluted		26,269,862
Earnings per share
Basic	$	0.26
Diluted	$	0.26

Schedule of Common stock shares equivalent excluded from the calculation of diluted earnings per share

The following table presents the common stock shares equivalents excluded from the calculation of diluted earnings per share for the three months ended March 31, 2023, as they would have had an antidilutive effect:

	For the three months ended March 31, 2023
Restricted common stock		783
Performance stock units		309
Class B Common Stock		82,021,389