Earnings per share (Tables)

3 Months Ended

Mar. 31, 2024

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

The following table presents the computation of earnings per share for the periods shown below (in thousands, except share and per share amounts):

	Three months ended March 31,
	2024		2023
Net income	$	28,140	$	30,739
Less net income attributable to non-controlling interest		21,816		23,895
Net income attributable to shareholders – basic and diluted	$	6,324	$	6,844
Weighted average shares outstanding – basic		26,161,691		26,254,167
Dilutive effect of unvested restricted common stock		19,549		15,695
Dilutive effect of unvested performance units		810		—
Weighted average shares outstanding – diluted		26,182,050		26,269,862
Earnings per share
Basic	$	0.24	$	0.26
Diluted	$	0.24	$	0.26

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

The following table presents the common stock share equivalents excluded from the calculation of diluted earnings per share for the periods shown below, as they would have had an antidilutive effect:

	Three months ended March 31,
	2024		2023
Restricted common stock		7,124		783
Performance stock units		342		309
Class B Common Stock		82,021,389		82,021,389