Earnings per share

9 Months Ended

Sep. 30, 2022

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 Sept. 30,				Nine months ended Sept. 30,
	2022		2021		2022		2021
Net Income	$	146,157	$	128,699	$	412,384	$	348,385
Net income attributable to the noncontrolling interest	(92)		(419)		(516)		(861)
Adjustment of redeemable noncontrolling interest to redemption value	(235)		116		(447)		(32)
Earnings available to common shareholders	$	145,830	$	128,396	$	411,421	$	347,492
Weighted average number of common shares outstanding - basic	223,968		221,805		223,456		221,314
Effect of dilutive securities:
Restricted stock units	621		749		469		626
Performance shares	332		245		296		231
Stock options	—		—		—		1
Weighted average number of common shares outstanding - diluted	224,921		222,799		224,221		222,172
Earnings per share - basic	$	0.65	$	0.58	$	1.84	$	1.57
Earnings per share - diluted	$	0.65	$	0.58	$	1.83	$	1.56

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