Earnings and Dividends per Share and per Unit (Tables)

6 Months Ended

Jun. 30, 2023

Earnings Per Share [Abstract]

Reconciliations of Numerator and Denominator in Calculations of Basic and Diluted Earnings per Share and per Unit

Reconciliations of the numerator and denominator in the calculations of basic and diluted earnings per share and per unit are as follows (in thousands, except per share and per unit data):

	Three Months Ended				Six Months Ended
	June 30, 2023		June 30, 2022		June 30, 2023		June 30, 2022
Earnings per share
Numerator:
Basic and dilutive net (loss) income attributable to AIR common stockholders	$	(1,439)	$	196,722	$	(12,896)	$	572,603
Denominator – shares:
Basic weighted-average common shares outstanding	148,832		155,927		148,821		156,327
Dilutive common share equivalents outstanding	—		209		—		280
Dilutive weighted-average common shares outstanding	148,832		156,136		148,821		156,607
Earnings per share – basic and diluted	$	(0.01)	$	1.26	$	(0.09)	$	3.66
Earnings per unit
Numerator:
Basic and dilutive net (loss) income attributable to the AIR Operating Partnership’s common unitholders	$	(1,754)	$	209,471	$	(14,037)	$	609,519
Denominator – units:
Basic weighted-average common units outstanding	159,778		166,023		159,531		166,434
Dilutive common unit equivalents outstanding	—		209		—		280
Dilutive weighted-average common units outstanding	159,778		166,232		159,531		166,714
Earnings per unit – basic and diluted	$	(0.01)	$	1.26	$	(0.09)	$	3.66