Earnings Per Share

9 Months Ended

Sep. 30, 2020

The following table sets forth the computation of basic and diluted earnings per share for the three and nine months ended September 30, 2020 and 2019 (in thousands, except per share amounts):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2020		2019		2020		2019
Earnings per Common Share - basic:
Numerator:
Net income	$	28,255	$	20,692	$	226,800	$	34,115
Net income attributable to noncontrolling interests in CPLP from continuing operations	(5)		(241)		(312)		(564)
Net income attributable to other noncontrolling interests	(135)		(77)		(329)		(245)
Net income available to common stockholders	$	28,115	$	20,374	$	226,159	$	33,306

Denominator:
Weighted average common shares - basic	148,566		146,762		148,181		121,758


Net income per common share - basic	$	0.19	$	0.14	$	1.53	$	0.27

Earnings per common share - diluted:
Numerator:
Net income	$	28,255	$	20,692	$	226,800	$	34,115
Net income attributable to other noncontrolling interests	(135)		(77)		(329)		(245)
Net income available for common stockholders before allocation of net income attributable to noncontrolling interests in CPLP	$	28,120	$	20,615	$	226,471	$	33,870

Denominator:
Weighted average common shares - basic	148,566		146,762		148,181		121,758
Add:
Potential dilutive common shares - stock options	3		24		5		27
Potential dilutive common shares - restricted stock units, less shares assumed purchased at market price	12		—		12		—
Weighted average units of CPLP convertible into common shares	25		1,744		388		1,744
Weighted average common shares - diluted	148,606		148,530		148,586		123,529


Net income per common share - diluted	$	0.19	$	0.14	$	1.52	$	0.27

Antidilutive restricted stock units, less share assumed purchased at market price, and antidilutive stock options outstanding	1		—		—		—

For the three months ended September 30, 2020, 1,000 restricted stock units, less shares assumed purchased at market price, respectively, were not included in the diluted weighted average common shares because they would have been antidilutive for the period presented. These restricted stock units could be dilutive in the future.