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Earnings per share (Tables)
3 Months Ended
Mar. 31, 2024
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted

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

 

 

Quarter ended Mar. 31,

 

 

2024

 

 

2023

 

 

 

 

 

 

 

Net income

$

189,262

 

 

$

104,004

 

Net loss attributable to the noncontrolling interest

 

298

 

 

 

299

 

Adjustment of redeemable noncontrolling interest to redemption value

 

(660

)

 

 

(635

)

Earnings available to common shareholders

$

188,900

 

 

$

103,668

 

 

 

 

 

 

Weighted average number of common shares outstanding - basic

 

177,823

 

 

 

224,544

 

Effect of dilutive securities:

 

 

 

 

 

Restricted stock units

 

438

 

 

 

187

 

Performance share awards

 

176

 

 

 

108

 

Weighted average number of common shares outstanding - diluted

 

178,437

 

 

 

224,839

 

 

 

 

 

 

Net income per share - basic

$

1.06

 

 

$

0.46

 

Net income per share - diluted

$

1.06

 

 

$

0.46