| Reconciliation of Numerators and Denominators of Basic and Diluted EPS |
The following is a reconciliation of the numerators and denominators of basic and diluted EPS for the periods presented: | | | | | | | | | | | | | | | Three Months Ended | | Six Months Ended | | | June 30, | | June 30, | (In thousands except share and per share amounts) | | 2022 | | 2021 | | 2022 | | 2021 | | | | | | | | | | | | | | Net income available to common stockholders | | $ | 36,663 | | $ | 49,456 | | $ | 69,373 | | $ | 26,601 | Less: Dividends paid and earnings allocated to participating securities | | | (432) | | | (539) | | | (806) | | | (276) | Income attributable to common stock | | $ | 36,231 | | $ | 48,917 | | $ | 68,567 | | $ | 26,325 | Weighted-average common shares outstanding, including participating securities | | | 39,092,205 | | | 41,432,256 | | | 39,384,803 | | | 38,006,716 | Less: weighted-average participating securities | | | (460,522) | | | (451,179) | | | (445,050) | | | (367,144) | Weighted-average common shares outstanding | | | 38,631,683 | | | 40,981,077 | | | 38,939,753 | | | 37,639,572 | Basic EPS | | $ | 0.94 | | $ | 1.19 | | $ | 1.76 | | $ | 0.70 | | | | | | | | | | | | | | Income attributable to common stock | | $ | 36,231 | | $ | 48,917 | | $ | 68,567 | | $ | 26,325 | Weighted-average common shares outstanding | | | 38,631,683 | | | 40,981,077 | | | 38,939,753 | | | 37,639,572 | Weighted-average common equivalent shares outstanding | | | — | | | 508 | | | — | | | 832 | Weighted-average common and equivalent shares outstanding | | | 38,631,683 | | | 40,981,585 | | | 38,939,753 | | | 37,640,404 | Diluted EPS | | $ | 0.94 | | $ | 1.19 | | $ | 1.76 | | $ | 0.70 |
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