Earnings Per Share (EPS), Basic and Diluted |
The following table details the number of shares and net income used to calculate basic and diluted earnings per share (in thousands, except share and per share amounts; results may not add due to rounding): | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended September 30, | | 2021 | | 2020 | | Basic | | Diluted | | Basic | | Diluted | Numerator | | | | | | | | Net income | $ | 974 | | | $ | 974 | | | $ | 276,133 | | | $ | 276,133 | | Net income attributable to noncontrolling interests | (7) | | | (7) | | | (1,612) | | | (1,612) | | Nonforfeitable dividends allocated to unvested restricted shareholders | (91) | | | (91) | | | (93) | | | (93) | | | | | | | | | | | | | | | | | | Net income attributable to common shareholders | $ | 876 | | | $ | 876 | | | $ | 274,428 | | | $ | 274,428 | | Denominator | | | | | | | | Weighted-average shares outstanding | 170,907,018 | | | 170,907,018 | | | 170,573,028 | | | 170,573,028 | | Contingent securities/Share based compensation | — | | | 1,330,176 | | | — | | | 453,464 | | Weighted-average shares outstanding | 170,907,018 | | | 172,237,194 | | | 170,573,028 | | | 171,026,492 | | Earnings per Common Share: | | | | | | | | Net income attributable to common shareholders | $ | 0.01 | | | $ | 0.01 | | | $ | 1.61 | | | $ | 1.60 | |
| | | | | | | | | | | | | | | | | | | | | | | | | Nine Months Ended September 30, | | 2021 | | 2020 | | Basic | | Diluted | | Basic | | Diluted | Numerator | | | | | | | | Net income | $ | 7,763 | | | $ | 7,763 | | | $ | 288,240 | | | $ | 288,240 | | Net income attributable to noncontrolling interests | (42) | | | (42) | | | (1,701) | | | (1,701) | | Nonforfeitable dividends allocated to unvested restricted shareholders | (331) | | | (331) | | | (317) | | | (317) | | | | | | | | | | | | | | | | | | Net income attributable to common shareholders | $ | 7,390 | | | $ | 7,390 | | | $ | 286,222 | | | $ | 286,222 | | Denominator | | | | | | | | Weighted-average shares outstanding | 170,794,585 | | | 170,794,585 | | | 172,380,410 | | | 172,380,410 | | Contingent securities/Share based compensation | — | | | 1,283,365 | | | — | | | 355,026 | | Weighted-average shares outstanding | 170,794,585 | | | 172,077,950 | | | 172,380,410 | | | 172,735,436 | | Earnings per Common Share: | | | | | | | | Net income attributable to common shareholders | $ | 0.04 | | | $ | 0.04 | | | $ | 1.66 | | | $ | 1.66 | |
The following table details the number of units and net income used to calculate basic and diluted earnings per common partnership unit (in thousands, except unit and per unit amounts; results may not add due to rounding): | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended September 30, | | 2021 | | 2020 | | Basic | | Diluted | | Basic | | Diluted | Numerator | | | | | | | | Net income | $ | 974 | | | $ | 974 | | | $ | 276,133 | | | $ | 276,133 | | Net loss attributable to noncontrolling interests | 2 | | | 2 | | | 2 | | | 2 | | Nonforfeitable dividends allocated to unvested restricted unitholders | (91) | | | (91) | | | (93) | | | (93) | | | | | | | | | | | | | | | | | | Net income attributable to common unitholders | $ | 885 | | | $ | 885 | | | $ | 276,042 | | | $ | 276,042 | | Denominator | | | | | | | | Weighted-average units outstanding | 171,731,001 | | | 171,731,001 | | | 171,554,662 | | | 171,554,662 | | Contingent securities/Share based compensation | — | | | 1,330,176 | | | — | | | 453,464 | | Total weighted-average units outstanding | 171,731,001 | | | 173,061,177 | | | 171,554,662 | | | 172,008,126 | | Earnings per Common Partnership Unit: | | | | | | | | Net income attributable to common unitholders | $ | 0.01 | | | $ | 0.01 | | | $ | 1.61 | | | $ | 1.60 | |
| | | | | | | | | | | | | | | | | | | | | | | | | Nine Months Ended September 30, | | 2021 | | 2020 | | Basic | | Diluted | | Basic | | Diluted | Numerator | | | | | | | | Net income | $ | 7,763 | | | $ | 7,763 | | | $ | 288,240 | | | $ | 288,240 | | Net (income) loss attributable to noncontrolling interests | 4 | | | 4 | | | (20) | | | (20) | | Nonforfeitable dividends allocated to unvested restricted unitholders | (331) | | | (331) | | | (317) | | | (317) | | | | | | | | | | | | | | | | | | Net income attributable to common unitholders | $ | 7,436 | | | $ | 7,436 | | | $ | 287,903 | | | $ | 287,903 | | Denominator | | | | | | | | Weighted-average units outstanding | 171,710,387 | | | 171,710,387 | | | 173,362,044 | | | 173,362,044 | | Contingent securities/Share based compensation | — | | | 1,283,365 | | | — | | | 355,026 | | Total weighted-average units outstanding | 171,710,387 | | | 172,993,752 | | | 173,362,044 | | | 173,717,070 | | Earnings per Common Partnership Unit: | | | | | | | | Net income attributable to common unitholders | $ | 0.04 | | | $ | 0.04 | | | $ | 1.66 | | | $ | 1.66 | |
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