|
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
March 31, 2022 |
|
|
Three Months
Ended
March 31, 2021 |
|
Numerator: |
|
|
|
|
|
|
Net income attributable to common shareholders |
|
$ |
73,575 |
|
|
$ |
47,383 |
|
Denominator: |
|
|
|
|
|
|
Denominator for basic earnings per share – weighted
average shares |
|
|
83,644 |
|
|
|
75,387 |
|
Effect of Dilutive Securities: |
|
|
|
|
|
|
Stock options and non-vested stock |
|
|
194 |
|
|
|
123 |
|
Denominator for diluted earnings per share – adjusted
weighted average shares and assumed conversion |
|
|
83,838 |
|
|
|
75,510 |
|
Basic earnings per common share attributable to
common shareholders |
|
$ |
0.88 |
|
|
$ |
0.63 |
|
Diluted earnings per common share attributable to
common shareholders |
|
$ |
0.88 |
|
|
$ |
0.63 |
|
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
March 31, 2022 |
|
|
Three Months
Ended
March 31, 2021 |
|
Numerator: |
|
|
|
|
|
|
Net income attributable to common unitholders |
|
$ |
73,575 |
|
|
$ |
47,383 |
|
Denominator: |
|
|
|
|
|
|
Denominator for basic earnings per unit – weighted
average units |
|
|
83,644 |
|
|
|
75,387 |
|
Effect of Dilutive Securities: |
|
|
|
|
|
|
Stock options and non-vested stock |
|
|
194 |
|
|
|
123 |
|
Denominator for diluted earnings per unit – adjusted
weighted average units and assumed conversion |
|
|
83,838 |
|
|
|
75,510 |
|
Basic earnings per common unit attributable to
common unitholders |
|
$ |
0.88 |
|
|
$ |
0.63 |
|
Diluted earnings per common unit attributable to
common unitholders |
|
$ |
0.88 |
|
|
$ |
0.63 |
|
|