Earnings Per Share

6 Months Ended

Jun. 30, 2023

The following table sets forth the computation of basic and diluted earnings per share for the three and six months ended June 30, 2023 and 2022 ($ in thousands, except per share amounts):


	Three Months Ended June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
Earnings per common share - basic:
Numerator:
Net income	$	23,077	$	34,164	$	45,433	$	62,327
Net income attributable to noncontrolling interests in CPLP from continuing operations	(3)		(6)		(7)		(12)
Net income attributable to other noncontrolling interests	(453)		(106)		(609)		(279)
Net income available to common stockholders	$	22,621	$	34,052	$	44,817	$	62,036

Denominator:
Weighted average common shares - basic	151,721		148,837		151,650		148,788


Net income per common share - basic	$	0.15	$	0.23	$	0.30	$	0.42

Earnings per common share - diluted:
Numerator:
Net income	$	23,077	$	34,164	$	45,433	$	62,327
Net income attributable to other noncontrolling interests	(453)		(106)		(609)		(279)
Net income available for common stockholders before allocation of net income attributable to noncontrolling interests in CPLP	$	22,624	$	34,058	$	44,824	$	62,048

Denominator:
Weighted average common shares - basic	151,721		148,837		151,650		148,788
Add:

Potential dilutive common shares - restricted stock units, less shares assumed purchased at market price	380		280		328		277
Weighted average units of CPLP convertible into common shares	25		25		25		25
Weighted average common shares - diluted	152,126		149,142		152,003		149,090


Net income per common share - diluted	$	0.15	$	0.23	$	0.29	$	0.42

The treasury stock method resulted in no dilution from shares expected to be issued under the ESPP or forward contracts for the future sales of common stock under the Company's ATM Program during the respective periods presented.