Earnings per share

6 Months Ended

Jun. 30, 2021

Earnings Per Share [Abstract]

Earnings per share

Earnings per share

Our earnings per share (basic and diluted) are presented below (in thousands, except per share amounts):

	Quarter ended June 30,				Six months ended June 30,
	2021		2020		2021		2020
Net Income	$	106,854	$	19,573	$	219,686	$	105,771
Net (income) loss attributable to the noncontrolling interest	(227)		374		(442)		484
Adjustment of redeemable noncontrolling interest to redemption value	(76)		(654)		(148)		(857)
Earnings available to common shareholders	$	106,551	$	19,293	$	219,096	$	105,398
Weighted average number of common shares outstanding - basic	221,522		219,128		221,064		218,703
Effect of dilutive securities:
Restricted stock units	718		25		564		153
Performance shares	265		273		224		286
Stock options	1		—		3		2
Weighted average number of common shares outstanding - diluted	222,506		219,426		221,855		219,144
Net income per share - basic	$	0.48	$	0.09	$	0.99	$	0.48
Net income per share - diluted	$	0.48	$	0.09	$	0.99	$	0.48

Our calculation of diluted earnings per share includes the dilutive effects for the assumed vesting of outstanding restricted stock units and performance shares.