EARNINGS PER SHARE

12 Months Ended

Dec. 31, 2022

NOTE 15 – EARNINGS PER SHARE

The following table shows the amounts used in computing our basic and diluted earnings per share (in thousands, except per share amounts):


	For the Years Ended December 31,
	2022		2021		2020
Numerator for basic and diluted earnings per share:
(Loss) income from continuing operations	$	(40,931)	$	56,559	$	441,185

Net (loss) income	(40,931)		56,559		441,185
Net income attributable to noncontrolling interests	6,516		7,551		2,036
Net (loss) income attributable to common stockholders	$	(47,447)	$	49,008	$	439,149
Denominator:
Denominator for basic earnings per share—weighted average shares	399,549		382,785		373,368
Effect of dilutive securities:
Stock options	—		34		—
Restricted stock awards	390		365		171
OP unitholder interests	3,515		3,120		2,964
Denominator for diluted earnings per share—adjusted weighted average shares	403,454		386,304		376,503
Basic earnings per share:
(Loss) income from continuing operations	$	(0.10)	$	0.15	$	1.18
Net (loss) income attributable to common stockholders	(0.12)		0.13		1.18
Diluted earnings per share: (1)
(Loss) income from continuing operations	$	(0.10)	$	0.15	$	1.17
Net (loss) income attributable to common stockholders	(0.12)		0.13		1.17

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(1) Potential common shares are not included in the computation of diluted earnings per share when a loss from continuing operations exists as the effect would be an antidilutive per share amount.

There were 3.6 million, 3.1 million and 4.0 million anti-dilutive options outstanding for the years ended December 31, 2022, 2021 and 2020, respectively.