| Computation of Basic and Diluted Earnings Per Common Share/Unit |
Earnings Per Share
The following table sets forth the computation of basic and diluted earnings per common share utilizing the two-class method.
|
(in thousands except per share data)
|
|
Three Months
Ended
June 30, 2020
|
|
|
Three Months
Ended
June 30, 2019
|
|
|
Six Months
Ended
June 30, 2020
|
|
|
Six Months
Ended
June 30, 2019
|
|
|
Numerator:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income attributable to common shareholders
|
|
$
|
36,457
|
|
|
$
|
40,742
|
|
|
$
|
72,890
|
|
|
$
|
75,196
|
|
|
Denominator:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Denominator for basic earnings per share – weighted
average shares
|
|
|
46,845
|
|
|
|
46,582
|
|
|
|
46,761
|
|
|
|
46,574
|
|
|
Effect of Dilutive Securities:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Stock options and non-vested stock
|
|
|
61
|
|
|
|
49
|
|
|
|
68
|
|
|
|
60
|
|
|
Denominator for diluted earnings per share – adjusted
weighted average shares and assumed conversion
|
|
|
46,906
|
|
|
|
46,631
|
|
|
|
46,829
|
|
|
|
46,634
|
|
|
Basic earnings per common share attributable to
common shareholders
|
|
$
|
0.78
|
|
|
$
|
0.87
|
|
|
$
|
1.56
|
|
|
$
|
1.61
|
|
|
Diluted earnings per common share attributable to
common shareholders
|
|
$
|
0.78
|
|
|
$
|
0.87
|
|
|
$
|
1.56
|
|
|
$
|
1.61
|
|
Earnings Per Unit
The following table sets forth the computation of basic and diluted earnings per common unit utilizing the two-class method.
|
(in thousands except per unit data)
|
|
Three Months
Ended
June 30, 2020
|
|
|
Three Months
Ended
June 30, 2019
|
|
|
Six Months
Ended
June 30, 2020
|
|
|
Six Months
Ended
June 30, 2019
|
|
|
Numerator:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income attributable to common unitholders
|
|
$
|
36,457
|
|
|
$
|
40,742
|
|
|
$
|
72,890
|
|
|
$
|
75,196
|
|
|
Denominator:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Denominator for basic earnings per unit – weighted
average units
|
|
|
46,845
|
|
|
|
46,582
|
|
|
|
46,761
|
|
|
|
46,574
|
|
|
Effect of Dilutive Securities:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Stock options and non-vested stock
|
|
|
61
|
|
|
|
49
|
|
|
|
68
|
|
|
|
60
|
|
|
Denominator for diluted earnings per unit – adjusted
weighted average units and assumed conversion
|
|
|
46,906
|
|
|
|
46,631
|
|
|
|
46,829
|
|
|
|
46,634
|
|
|
Basic earnings per common unit attributable to
common unitholders
|
|
$
|
0.78
|
|
|
$
|
0.87
|
|
|
$
|
1.56
|
|
|
$
|
1.61
|
|
|
Diluted earnings per common unit attributable to
common unitholders
|
|
$
|
0.78
|
|
|
$
|
0.87
|
|
|
$
|
1.56
|
|
|
$
|
1.61
|
|
|