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Per Share Data

6 Months Ended

Jun. 30, 2021

Earnings Per Share [Abstract]

Per Share Data

3. Per Share Data

Basic earnings per share is computed using net income attributable to common shareholders and the weighted average number of common shares outstanding. Diluted earnings per share reflects common shares issuable from the assumed conversion of common share options and unvested share awards, and units convertible into common shares. Only those items having a dilutive impact on our basic earnings per share are included in diluted earnings per share. Our unvested share-based awards are considered participating securities and are reflected in the calculation of basic and diluted earnings per share using the two-class method. The number of common share equivalent securities excluded from the diluted earnings per share calculation were approximately 1.8 million and 1.9 million for the three and six months ended June 30, 2021 and approximately 2.0 million and 1.9 million for the three and six months ended June 30, 2020. These securities, which include common share options and share awards granted and units convertible into common shares, were excluded from the diluted earnings per share calculations as they are anti-dilutive. The following table presents information necessary to calculate basic and diluted earnings per share for the periods indicated:

						Three Months Ended June 30,												Six Months Ended June 30,
(in thousands, except per share amounts)						2021						2020						2021						2020
Earnings per common share calculation – basic
Income from continuing operations attributable to common shareholders						$	30,179					$	16,477					$	61,526					$	59,761
Amount allocated to participating securities						(50)						(35)						(82)						(134)
Net income attributable to common shareholders – basic						$	30,129					$	16,442					$	61,444					$	59,627
Total earnings per common share – basic						$	0.30					$	0.17					$	0.61					$	0.60
Weighted average number of common shares outstanding – basic						100,701						99,399						100,127						99,348
Earnings per common share calculation – diluted
Net income attributable to common shareholders – diluted						$	30,129					$	16,442					$	61,444					$	59,627
Total earnings per common share – diluted						$	0.30					$	0.17					$	0.61					$	0.60
Weighted average number of common shares outstanding – basic						100,701						99,399						100,127						99,348
Incremental shares issuable from assumed conversion of:
Common share options and share awards granted						66						9						70						46
Weighted average number of common shares outstanding – diluted						100,767						99,408						100,197						99,394

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- References

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- Definition

The entire disclosure for earnings per share.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=109243012&loc=SL65017193-207537

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-URI http://asc.fasb.org/topic&trid=2144383

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3630-109257

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