NET INCOME PER COMMON SHARE

3 Months Ended

Mar. 31, 2024

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 March 31,
	2024		2023
Basic net income attributable to common stockholders per share:
Net income attributable to common stockholders	$	18,167	$	51,213
Weighted average common shares outstanding	45,383		47,770
Basic net income attributable to common stockholders per share	$	0.40	$	1.07

Diluted net income attributable to common stockholders per share:
Net income attributable to common stockholders	$	18,167	$	51,213

Weighted average common shares outstanding	45,383		47,770
Dilutive stock options and restricted stock	871		1,366
Diluted weighted average common shares outstanding	46,254		49,136
Diluted net income attributable to common stockholders per share	$	0.39	$	1.04