Earnings Per Share

9 Months Ended

Sep. 30, 2021

The following table sets forth the computation of basic and diluted earnings per share for the three and nine months ended September 30, 2021 and 2020 (in thousands, except per share amounts):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020
Earnings per Common Share - basic:
Numerator:
Net income	$	54,136	$	28,255	$	111,507	$	226,800
Net income attributable to noncontrolling interests in CPLP from continuing operations	(9)		(5)		(20)		(312)
Net income attributable to other noncontrolling interests	(109)		(135)		(206)		(329)
Net income available to common stockholders	$	54,018	$	28,115	$	111,281	$	226,159

Denominator:
Weighted average common shares - basic	148,688		148,566		148,659		148,181


Net income per common share - basic	$	0.36	$	0.19	$	0.75	$	1.53

Earnings per common share - diluted:
Numerator:
Net income	$	54,136	$	28,255	$	111,507	$	226,800
Net income attributable to other noncontrolling interests	(109)		(135)		(206)		(329)
Net income available for common stockholders before allocation of net income attributable to noncontrolling interests in CPLP	$	54,027	$	28,120	$	111,301	$	226,471

Denominator:
Weighted average common shares - basic	148,688		148,566		148,659		148,181
Add:
Potential dilutive common shares - stock options	—		3		1		5
Potential dilutive common shares - restricted stock units, less shares assumed purchased at market price	59		12		58		12
Weighted average units of CPLP convertible into common shares	25		25		25		388
Weighted average common shares - diluted	148,772		148,606		148,743		148,586


Net income per common share - diluted	$	0.36	$	0.19	$	0.75	$	1.52