NET INCOME PER COMMON SHARE

6 Months Ended

Jun. 30, 2023

Basic earnings per common share is calculated based on the weighted average number of common shares outstanding during the period, including vested shares deferred under our non-qualified deferred compensation plan. Diluted earnings per common share is determined based on the weighted average number of common shares outstanding during the period combined with the incremental average common shares that would have been outstanding assuming the conversion of all potentially dilutive common shares into common shares as of the earliest date possible. The calculation of basic and diluted net income attributable to common stockholders per common share is determined using net income attributable to common stockholders as the numerator and the number of shares included in the denominator as shown below (in thousands, except per share amounts).


	Three Months Ended June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
Basic net income attributable to common stockholders per share:
Net income attributable to common stockholders	$	74,328	$	22,552	$	125,541	$	34,626
Weighted average common shares outstanding	47,452		49,034		47,610		49,019
Basic net income attributable to common stockholders per share	$	1.57	$	0.46	$	2.64	$	0.71

Diluted net income attributable to common stockholders per share:
Net income attributable to common stockholders	$	74,328	$	22,552	$	125,541	$	34,626

Weighted average common shares outstanding	47,452		49,034		47,610		49,019
Dilutive stock options and restricted stock	921		501		1,127		643
Diluted weighted average common shares outstanding	48,373		49,535		48,737		49,662
Diluted net income attributable to common stockholders per share	$	1.54	$	0.46	$	2.58	$	0.70