Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2020

Schedule of computations of basic and diluted EPS

The computations of the numerator (income) and denominator (shares) to derive the basic and diluted EPS amounts presented on the face of the accompanying condensed consolidated statements of operations are as follows (in thousands):



	Three Months Ended September 30, 2020					Three Months Ended September 30, 2019
	Income		Shares	Income		Shares
Basic:
Net income attributable to common shareholders	$	24,499		$	31,695
Less: Undistributed earnings allocated to participating securities	(180)			(261)
Accretion of redeemable noncontrolling interests	(128)			(25)
Net income available to common shareholders, basic	$	24,191	149,032	$	31,409	147,575


Diluted:
Net income available to common shareholders, basic	$	24,191	149,032	$	31,409	147,575
Effect of dilutive securities:
Share-based awards other than participating securities	—		919	—		779
Undistributed earnings reallocated to participating securities	2		—	1		—
Net income available to common shareholders, diluted	$	24,193	149,951	$	31,410	148,354



	Nine Months Ended September 30, 2020					Nine Months Ended September 30, 2019
	Income		Shares	Income		Shares
Basic:
Net income attributable to common shareholders	$	18,011		$	49,867
Less: Undistributed earnings allocated to participating securities	(117)			(435)
Accretion of redeemable noncontrolling interests	(2,283)			(43)
Net income available to common shareholders, basic	$	15,611	148,956	$	49,389	147,506


Diluted:
Net income available to common shareholders, basic	$	15,611	148,956	$	49,389	147,506
Effect of dilutive securities:
Share-based awards other than participating securities	—		868	—		580
Undistributed earnings reallocated to participating securities	1		—	2		—
Net income available to common shareholders, diluted	$	15,612	149,824	$	49,391	148,086

Schedule of shares excluded from diluted EPS calculation

The following potentially dilutive shares related to the 2022 Notes, the 2023 Notes and the 2026 Notes were excluded from the diluted EPS calculation as they were anti-dilutive (in thousands):


	Three Months Ended September 30,			Nine Months Ended September 30,
	2020	2019	2020	2019

2022 Notes	5,688	8,997	7,886	8,997
2023 Notes	8,076	13,202	11,481	13,202
2026 Notes	14,650	—	4,919	—