Earnings Per Share

12 Months Ended

Dec. 31, 2022

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, 2022, 2021 and 2020 ($ in thousands, except per share amounts):


	Year Ended December 31
		2022		2021		2020
Earnings per common share - basic:
Numerator:
Net income		$	167,445	$	278,996	$	238,114
Net income attributable to noncontrolling interests in CPLP		(143)		(56)		(315)
Net income attributable to other noncontrolling interests		(509)		(354)		(521)




Net income available for common stockholders		$	166,793	$	278,586	$	237,278

Denominator:
Weighted average common shares - basic		150,113		148,666		148,277



Net income per common share - basic		$	1.11	$	1.87	$	1.60

Earnings per common share - diluted:
Numerator:
Net income		$	167,445	$	278,996	$	238,114
Net income attributable to other noncontrolling interests		(509)		(354)		(521)




Net income available for common stockholders before net income attributable to noncontrolling interests in CPLP		$	166,936	$	278,642	$	237,593

Denominator:
Weighted average common shares - basic		150,113		148,666		148,277
Add:
Potential dilutive common shares - stock options		—		1		8
Potential dilutive restrictive stock units - RSUs, less shares assumed purchased at market price		281		199		54
Weighted average units of CPLP convertible into common shares		25		25		297
Weighted average common shares - diluted		150,419		148,891		148,636



Net income per common share - diluted		$	1.11	$	1.87	$	1.60

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. The treasury stock method resulted in no dilution for these instruments during the respective periods they were outstanding as noted in the following: (1) shares expect to be issued under the ESPP for the years ended December 31, 2022 and 2021, (2) forward contracts for the future sales of common stock under the Company's ATM for the years ended December 31, 2022 and 2021, and (3) stock options for the years ended December 31, 2021 and 2020.