PARTNERS' EQUITY OF THE PARENT COMPANY (Tables)

12 Months Ended

Dec. 31, 2022

Schedule of Earnings Per Share, 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):


	Year Ended December 31,
	2022				2021				2020
	Basic		Diluted		Basic		Diluted		Basic		Diluted
Numerator
Net income	$	53,992	$	53,992	$	12,366	$	12,366	$	307,326	$	307,326
Net income attributable to noncontrolling interests	(168)		(168)		(77)		(77)		(1,799)		(1,799)
Nonforfeitable dividends allocated to unvested restricted shareholders	(456)		(456)		(421)		(421)		(410)		(410)


Net income attributable to common shareholders	$	53,368	$	53,368	$	11,868	$	11,868	$	305,117	$	305,117
Denominator
Weighted-average shares outstanding	171,491,369		171,491,369		170,878,185		170,878,185		171,926,079		171,926,079
Contingent securities/Share based compensation	—		834,277		—		1,395,055		—		390,997
Weighted-average shares outstanding	171,491,369		172,325,646		170,878,185		172,273,240		171,926,079		172,317,076
Earnings per Common Share:
Net income attributable to common shareholders	$	0.31	$	0.31	$	0.07	$	0.07	$	1.77	$	1.77

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):


	Year Ended December 31,
	2022				2021				2020
	Basic		Diluted		Basic		Diluted		Basic		Diluted
Numerator
Net income	$	53,992	$	53,992	$	12,366	$	12,366	$	307,326	$	307,326
Net (income) loss attributable to noncontrolling interests	2		2		3		3		(20)		(20)
Nonforfeitable dividends allocated to unvested restricted unitholders	(456)		(456)		(421)		(421)		(410)		(410)


Net income attributable to common unitholders	$	53,538	$	53,538	$	11,948	$	11,948	$	306,896	$	306,896
Denominator
Weighted-average units outstanding	172,036,481		172,036,481		171,770,843		171,770,843		172,907,713		172,907,713
Contingent securities/Share based compensation	—		834,277		—		1,395,055		—		390,997
Total weighted-average units outstanding	172,036,481		172,870,758		171,770,843		173,165,898		172,907,713		173,298,710
Earnings per Common Partnership Unit:
Net income attributable to common unitholders	$	0.31	$	0.31	$	0.07	$	0.07	$	1.77	$	1.77