Earnings Per Share

12 Months Ended

Dec. 31, 2020

The following table sets forth the computation of the basic and diluted earnings per share of the Company's consolidated statements of operations for the years ended December 31, 2020, 2019 and 2018 (in thousands, except per share amounts):


	Year Ended December 31
		2020		2019		2018
Earnings per common share - basic:
Numerator:
Net income		$	238,114	$	152,683	$	80,765
Net income attributable to noncontrolling interests in CPLP		(315)		(1,952)		(1,345)
Net income attributable to other noncontrolling interests		(521)		(313)		(256)




Net income available for common stockholders		$	237,278	$	150,418	$	79,164

Denominator:
Weighted average common shares - basic		148,277		128,060		105,076



Net income per common share - basic		$	1.60	$	1.17	$	0.75

Earnings per common share - diluted:
Numerator:
Net income		$	238,114	$	152,683	$	80,765
Net income attributable to other noncontrolling interests		(521)		(313)		(256)




Net income available for common stockholders before net income attributable to noncontrolling interests in CPLP		$	237,593	$	152,370	$	80,509

Denominator:
Weighted average common shares - basic		148,277		128,060		105,076
Add:
Potential dilutive common shares - stock options		8		27		48
Potential dilutive restrictive stock units - RSUs, less shares assumed purchased at market price		54		—		—
Weighted average units of CPLP convertible into common shares		297		1,744		1,744
Weighted average common shares - diluted		148,636		129,831		106,868



Net income per common share - diluted		$	1.60	$	1.17	$	0.75

Anti-dilutive stock options represent stock options whose exercise price exceeds the average market value of the Company’s stock. These anti-dilutive stock options are not included in the current calculation of dilutive weighted average shares, but could be dilutive in the future. There were no anti-dilutive stock options outstanding as of December 31, 2020, 2019, and 2018.