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Earnings per Share (Tables)

9 Months Ended

Sep. 30, 2020

Earnings Per Share [Abstract]

Basic and diluted earnings per share calculation

Basic and diluted EPS are calculated as follows:



						For the Three Months Ended September 30,																		For the Nine Months Ended September 30,
						2020						2019												2020						2019
(in thousands, except share and per share data)
Numerator:





Net income available to common stockholders — basic and diluted						$	32,540					$	33,616											$	125,178					$	93,165

Denominator:
Weighted average common shares outstanding — basic						560,598,995						537,771,245												550,722,684						528,209,033
Effect of dilutive securities:
Incremental shares attributed to non-vested share-based awards						1,272,378						873,643												1,224,594						951,320
Weighted average common shares outstanding — diluted						561,871,373						538,644,888												551,947,278						529,160,353

Net income per common share — basic						$	0.06					$	0.06											$	0.23					$	0.18
Net income per common share — diluted						$	0.06					$	0.06											$	0.23					$	0.18