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Earnings Per Share | 3 Months Ended
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Mar. 31, 2024
Earnings Per Share [Abstract] |
Earnings Per Share | 15.EARNINGS PER SHARE B asic earnings per share was computed by dividing net income attributable to SBA Communications Corporation by the weighted-average number of shares of Class A common stock outstanding for each respective period. Diluted earnings per share was calculated by dividing net income attributable to SBA Communications Corporation by the weighted-average number of shares of Class A common stock outstanding adjusted for any dilutive Class A common stock equivalents, including unvested RSUs, PSUs, and shares issuable upon exercise of stock options as determined under the “Treasury Stock” method. The following table sets forth basic and diluted net income per common share attributable to common shareholders for the three months ended March 31, 2024 and 2023 (in thousands, except per share data):
|  | For the three months
|  | ended March 31,
|  | 2024 |  | 2023
Numerator: |  |  |  |  |  |
Net income attributable to SBA |  |  |  |  |  |
Communications Corporation |  | $ | 154,543 |  | $ | 101,217
Denominator: |  |  |  |  |  |
Basic weighted-average shares outstanding |  |  | 108,102 |  |  | 108,132
Dilutive impact of stock options, RSUs, and PSUs |  |  | 514 |  |  | 1,139
Diluted weighted-average shares outstanding |  |  | 108,616 |  |  | 109,271
Net income per common share attributable to SBA |  |  |  |  |  |
Communications Corporation: |  |  |  |  |  |
Basic |  | $ | 1.43 |  | $ | 0.94
Diluted |  | $ | 1.42 |  | $ | 0.93
For the three months ended March 31, 2024 and 2023, the diluted weighted-average number of common shares outstanding excluded an immaterial number of shares issuable upon exercise of the Company’s stock options because the impact would be anti-dilutive.

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