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Earnings per Share and Unit (Tables)
 12 Months Ended
Dec. 31, 2020
Schedule of earnings per share

The following summarizes the calculation of basic and diluted earnings per share:

 

 

 

Year ended December 31,

 

(in thousands, except per share data)

 

2020

 

 

2019

 

 

2018

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Income attributable to common stockholders - basic

 

$

44,889

 

 

$

239,430

 

 

 

249,127

 

Income attributable to common stockholders - diluted

 

$

44,889

 

 

$

239,430

 

 

 

249,127

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding for basic EPS

 

 

169,231

 

 

 

167,526

 

 

 

169,724

 

Weighted average common shares outstanding for diluted EPS (1) (2)

 

 

169,460

 

 

 

167,771

 

 

 

170,100

 

Income per common share – basic

 

$

0.27

 

 

$

1.43

 

 

 

1.47

 

Income per common share – diluted

 

$

0.26

 

 

$

1.43

 

 

 

1.46

 

 

(1)

Includes the dilutive impact of unvested restricted stock.

 

 

(2)

Using the treasury stock method, 2019 weighted average common shares outstanding for basic and diluted earnings per share exclude 1.9 million shares issuable under the forward ATM equity offering as they would be anti-dilutive.  These shares are included in 2020 weighted average common shares outstanding as they were settled in March 2020.

 

 

 

 
Partnership Interest [Member]  
Schedule of earnings per share

The following summarizes the calculation of basic and diluted earnings per unit:

 

 

 

Year ended December 31,

 

(in thousands, except per share data)

 

2020

 

 

2019

 

 

2018

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Income attributable to common unit holders - basic

 

$

45,092

 

 

$

240,064

 

 

 

249,652

 

Income attributable to common unit holders - diluted

 

$

45,092

 

 

$

240,064

 

 

 

249,652

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common units outstanding for basic EPU

 

 

169,997

 

 

 

167,990

 

 

 

170,074

 

Weighted average common units outstanding for diluted EPU (1) (2)

 

 

170,225

 

 

 

168,235

 

 

 

170,450

 

Income per common unit – basic

 

$

0.27

 

 

$

1.43

 

 

 

1.47

 

Income per common unit – diluted

 

$

0.26

 

 

$

1.43

 

 

 

1.46

 

 

(1)

Includes the dilutive impact of unvested restricted stock.

 

 

(2)

Using the treasury stock method, weighted average common shares outstanding for basic and diluted earnings per share exclude 1.9 million shares issuable under the forward ATM equity offering outstanding during 2019 as they would be anti-dilutive.