Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share and Earnings Per Unit (Tables)

v3.22.1
Earnings Per Share and Earnings Per Unit (Tables)
3 Months Ended
Mar. 31, 2022
Earnings Per Share [Abstract]  
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
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