EARNINGS PER SHARE (Tables)

6 Months Ended

Jun. 30, 2023

Computation of Basic and Diluted Earnings Per Common 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 Three Months Ended June 30,				For the Six Months Ended June 30,
	2023		2022		2023		2022
Numerator for basic and diluted earnings per share:
Income (loss) from continuing operations	$	105,066	$	(41,202)	$	123,978	$	(610)
Net income (loss)	105,066		(41,202)		123,978		(610)
Net income attributable to noncontrolling interests	1,613		1,214		3,008		3,074
Net income (loss) attributable to common stockholders	$	103,453	$	(42,416)	$	120,970	$	(3,684)
Denominator:
Denominator for basic earnings per share—weighted average shares	400,431		399,592		400,211		399,445
Effect of dilutive securities:
Stock options	—		41		—		33
Restricted stock awards	220		376		268		398
OP unitholder interests	3,471		3,517		3,478		3,517
Denominator for diluted earnings per share—adjusted weighted average shares	404,122		403,526		403,957		403,393
Basic earnings per share:
Income (loss) from continuing operations	$	0.26	$	(0.10)	$	0.31	$	—
Net income (loss) attributable to common stockholders	0.26		(0.11)		0.30		(0.01)
Diluted earnings per share: (1)
Income (loss) from continuing operations	$	0.26	$	(0.10)	$	0.31	$	—
Net income (loss) attributable to common stockholders	0.26		(0.11)		0.30		(0.01)

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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.