Earnings Per Share

12 Months Ended

Dec. 31, 2023

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, 2023, 2022 and 2021 ($ in thousands, except per share amounts):


	Year Ended December 31
		2023		2022		2021
Earnings per common share - basic:
Numerator:
Net income		$	83,816	$	167,445	$	278,996
Net income attributable to noncontrolling interests in CPLP		(14)		(143)		(56)
Net income attributable to other noncontrolling interests		(839)		(509)		(354)




Net income available for common stockholders		$	82,963	$	166,793	$	278,586

Denominator:
Weighted average common shares - basic		151,714		150,113		148,666



Net income per common share - basic		$	0.55	$	1.11	$	1.87

Earnings per common share - diluted:
Numerator:
Net income		$	83,816	$	167,445	$	278,996
Net income attributable to other noncontrolling interests		(839)		(509)		(354)




Net income available for common stockholders before net income attributable to noncontrolling interests in CPLP		$	82,977	$	166,936	$	278,642

Denominator:
Weighted average common shares - basic		151,714		150,113		148,666
Add:
Potential dilutive common shares - stock options		—		—		1
Potential dilutive restrictive stock units - RSUs, less shares assumed purchased at market price		301		281		199
Weighted average units of CPLP convertible into common shares		25		25		25
Weighted average common shares - diluted		152,040		150,419		148,891



Net income per common share - diluted		$	0.55	$	1.11	$	1.87

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.