| Earnings Per Share |
Earnings Per Share The following table sets forth the computation of basic and diluted earnings per share (in thousands, except per share data): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | | | 2021 | | 2020 | | 2021 | | 2020 | Numerator for basic earnings per share - net income (loss) attributable to common stockholders | | $ | 26,257 | | | $ | 179,246 | | | $ | 97,803 | | | $ | 489,530 | | | | | | | | | | | | | | | | | | | | Adjustment for net income (loss) attributable to OP units | | (873) | | | (1,366) | | | (2,225) | | | (2,754) | | Numerator for diluted earnings per share | | $ | 25,384 | | | $ | 177,880 | | | $ | 95,578 | | | $ | 486,776 | | | | | | | | | | | | Denominator for basic earnings per share - weighted average shares | | 417,452 | | | 417,084 | | | 417,360 | | | 413,696 | | | Effect of dilutive securities: | | | | | | | | | | | | | | | | | | Non-vested restricted shares | | 438 | | | 619 | | | 430 | | | 661 | | Redeemable OP units | | 1,396 | | | 1,396 | | | 1,396 | | | 1,396 | | Employee stock purchase program | | 19 | | | 22 | | | 19 | | | 22 | | | Dilutive potential common shares | | 1,853 | | | 2,037 | | | 1,845 | | | 2,079 | | Denominator for diluted earnings per share - adjusted weighted average shares | | 419,305 | | | 419,121 | | | 419,205 | | | 415,775 | | | | | | | | | | | | Basic earnings per share | | $ | 0.06 | | | $ | 0.43 | | | $ | 0.23 | | | $ | 1.18 | | | Diluted earnings per share | | $ | 0.06 | | | $ | 0.42 | | | $ | 0.23 | | | $ | 1.17 | |
As of June 30, 2021, forward sales agreements outstanding for the sale of 13,052,375 shares of common stock were not included in the computation of diluted earnings per share because such forward sales were anti-dilutive to the three and six month periods ended June 30, 2021.
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