Earnings per share

3 Months Ended

Mar. 31, 2022

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


	Quarter ended Mar. 31,
	2022		2021

Net Income	$	134,287	$	112,832
Net income attributable to the noncontrolling interest	(53)		(215)
Adjustment of redeemable noncontrolling interest to redemption value	(248)		(72)
Earnings available to common shareholders	$	133,986	$	112,545

Weighted average number of common shares outstanding - basic	222,712		220,602
Effect of dilutive securities:
Restricted stock units	321		410
Performance shares	207		182
Stock options	—		4
Weighted average number of common shares outstanding - diluted	223,240		221,198

Earnings per share - basic	$	0.60	$	0.51
Earnings per share - diluted	$	0.60	$	0.51

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