Earnings Per Share

3 Months Ended

Mar. 31, 2024

The following table sets forth the computation of basic and diluted earnings per share for the three months ended March 31, 2024 and 2023 ($ in thousands, except per share amounts):


	Three Months Ended March 31,
	2024		2023
Earnings per common share - basic:
Numerator:
Net income	$	13,451	$	22,356
Net income attributable to noncontrolling interests in CPLP from continuing operations	(2)		(4)
Net income attributable to other noncontrolling interests	(161)		(156)
Net income available to common stockholders	$	13,288	$	22,196

Denominator:
Weighted average common shares - basic	151,945		151,579


Net income per common share - basic	$	0.09	$	0.15

Earnings per common share - diluted:
Numerator:
Net income	$	13,451	$	22,356
Net income attributable to other noncontrolling interests	(161)		(156)
Net income available for common stockholders before allocation of net income attributable to noncontrolling interests in CPLP	$	13,290	$	22,200

Denominator:
Weighted average common shares - basic	151,945		151,579
Add:

Potential dilutive common shares - restricted stock units, less shares assumed purchased at market price	415		276
Weighted average units of CPLP convertible into common shares	25		25
Weighted average common shares - diluted	152,385		151,880


Net income per common share - diluted	$	0.09	$	0.15

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.