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Earnings Per Share and Earnings Per Unit (Tables) | 6 Months Ended
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Jun. 30, 2022
Earnings Per Share [Abstract] |
Schedule of Weighted Average Earnings Per Share | The following tables reconcile the weighted-average shares of common stock outstanding used in the calculation of basic earnings per share to the weighted-average shares of common stock outstanding used in the calculation of diluted earnings per share:
| Three Months Ended June 30, |  | Six Months Ended June 30,
(In thousands) | 2022 |  | 2021 |  | 2022 |  | 2021
Determination of shares: |  |  |  |  |  |  |
Weighted-average shares of common stock outstanding | 896,546 |  |  | 536,692 |  |  | 791,030 |  |  | 536,587 |
Assumed conversion of restricted stock (1) | — |  |  | 944 |  |  | 699 |  |  | 934 |
Assumed settlement of forward sale agreements | — |  |  | 16,803 |  |  | 1,496 |  |  | 12,100 |
Diluted weighted-average shares of common stock outstanding | 896,546 |  |  | 554,439 |  |  | 793,225 |  |  | 549,621 |
| Three Months Ended June 30, |  | Six Months Ended June 30,
(In thousands, except per share data) | 2022 |  | 2021 |  | 2022 |  | 2021
Basic: |  |  |  |  |  |  |
Net income attributable to common stockholders | $ | (57,706) |  |  | $ | 300,709 |  |  | $ | 182,677 |  |  | $ | 570,510 |
Weighted-average shares of common stock outstanding | 896,546 |  |  | 536,692 |  |  | 791,030 |  |  | 536,587 |
Basic EPS | $ | (0.06) |  |  | $ | 0.56 |  |  | $ | 0.23 |  |  | $ | 1.06 |
Diluted: |  |  |  |  |  |  |
Net income attributable to common stockholders | $ | (57,706) |  |  | $ | 300,709 |  |  | $ | 182,677 |  |  | $ | 570,510 |
Diluted weighted-average shares of common stock outstanding | 896,546 |  |  | 554,439 |  |  | 793,225 |  |  | 549,621 |
Diluted EPS | $ | (0.06) |  |  | $ | 0.54 |  |  | $ | 0.23 |  |  | $ | 1.04 |
____________________ (1)For the three months ended June 30, 2022, any such amounts have been excluded from the diluted weighted average number of shares of common stock as we were in a net loss position and the effect of inclusion would have been anti-dilutive. Assuming we had net income for the quarter, using the treasury stock method, the assumed conversion of our restricted stock would have been in the amount of 816,708 shares. The following tables reconcile the weighted-average units outstanding used in the calculation of basic EPU to the weighted-average units outstanding used in the calculation of diluted EPU:
| Three Months Ended June 30, |  | Six Months Ended June 30,
(In thousands) | 2022 |  | 2021 |  | 2022 |  | 2021
Determination of units: |  |  |  |  |  |  |
Weighted-average units outstanding | 905,014 |  |  | 536,692 |  |  | 795,287 |  |  | 536,587 |
Assumed conversion of VICI restricted stock (1) | — |  |  | 944 |  |  | 699 |  |  | 934 |
Assumed settlement of VICI forward sale agreements | — |  |  | 16,803 |  |  | 1,496 |  |  | 12,100 |
Diluted weighted-average units outstanding | 905,014 |  |  | 554,439 |  |  | 797,482 |  |  | 549,621 |
| Three Months Ended June 30, |  | Six Months Ended June 30,
(In thousands, except per share data) | 2022 |  | 2021 |  | 2022 |  | 2021
Basic: |  |  |  |  |  |  |
Net (loss) income attributable to partners | $ | (63,035) |  |  | $ | 298,889 |  |  | $ | 175,312 |  |  | $ | 567,482 |
Weighted-average units outstanding | 905,014 |  |  | 536,692 |  |  | 795,287 |  |  | 536,587 |
Basic EPU | $ | (0.07) |  |  | $ | 0.56 |  |  | $ | 0.22 |  |  | $ | 1.06 |
Diluted: |  |  |  |  |  |  |
Net (loss) income attributable to partners | $ | (63,035) |  |  | $ | 298,889 |  |  | $ | 175,312 |  |  | $ | 567,482 |
Weighted-average units outstanding | 905,014 |  |  | 554,439 |  |  | 797,482 |  |  | 549,621 |
Diluted EPU | $ | (0.07) |  |  | $ | 0.54 |  |  | $ | 0.22 |  |  | $ | 1.03 |
____________________ (1)For the three months ended June 30, 2022, any such amounts have been excluded from the diluted weighted average number of units as we were in a net loss position and the effect of inclusion would have been anti-dilutive. Assuming we had net income for the quarter, using the treasury stock method, the assumed conversion of VICI restricted stock to units would have been in the amount of 816,708 shares.

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- Definition Tabular disclosure of the weighted average number of shares used in calculating basic net earnings per share (or unit) and diluted earnings per share (or unit). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 + Details
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