Earnings Per Share

12 Months Ended

Dec. 31, 2021

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, 2021, 2020 and 2019 (in thousands, except per share amounts):


	Year Ended December 31
		2021		2020		2019
Earnings per common share - basic:
Numerator:
Net income		$	278,996	$	238,114	$	152,683
Net income attributable to noncontrolling interests in CPLP		(56)		(315)		(1,952)
Net income attributable to other noncontrolling interests		(354)		(521)		(313)




Net income available for common stockholders		$	278,586	$	237,278	$	150,418

Denominator:
Weighted average common shares - basic		148,666		148,277		128,060



Net income per common share - basic		$	1.87	$	1.60	$	1.17

Earnings per common share - diluted:
Numerator:
Net income		$	278,996	$	238,114	$	152,683
Net income attributable to other noncontrolling interests		(354)		(521)		(313)




Net income available for common stockholders before net income attributable to noncontrolling interests in CPLP		$	278,642	$	237,593	$	152,370

Denominator:
Weighted average common shares - basic		148,666		148,277		128,060
Add:
Potential dilutive common shares - stock options		1		8		27
Potential dilutive restrictive stock units - RSUs, less shares assumed purchased at market price		199		54		—
Weighted average units of CPLP convertible into common shares		25		297		1,744
Weighted average common shares - diluted		148,891		148,636		129,831



Net income per common share - diluted		$	1.87	$	1.60	$	1.17

Anti-dilutive stock options represent stock options whose exercise price exceeds the average market value of the Company’s stock and are excluded from the calculation of diluted earnings per share. There were no anti-dilutive stock options for the years ended December 31, 2021, 2020, and 2019. The treasury stock method resulted in no dilution related to the forward contracts outstanding as of December 31, 2021 for the future sales of common stock under the Company's ATM program or from shares expected to be issued under the ESPP.