XML 21 R9.htm IDEA: XBRL DOCUMENT
v3.24.1.u1

Per Share Data | 3 Months Ended
--- | ---
Mar. 31, 2024
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 as well as 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. Common shares under a forward sale agreement, if any, will be considered in our calculation for diluted earnings-per-share until settlement using the if-converted method. The number of common share equivalent securities excluded from the diluted earnings per share calculation was approximately 1.8 million and for each of the three months ended March 31, 2024 and 2023. These securities, which include share awards granted and units convertible into common shares, are anti-dilutive and were therefore excluded from the diluted earnings per share calculations. The following table presents information necessary to calculate basic and diluted earnings per share for the periods indicated:
|  | Three Months Ended March 31, |  |
(in thousands, except per share amounts) |  | 2024 |  | 2023 |  |  |  |
Earnings per common share calculation – basic |  |  |  |  |  |  |  |
Income from continuing operations attributable to common shareholders |  | $ | 83,889 |  |  | $ | 41,917 |  |  |  |  |
Amount allocated to participating securities |  | (159) |  |  | (81) |  |  |  |  |
Net income attributable to common shareholders – basic |  | $ | 83,730 |  |  | $ | 41,836 |  |  |  |  |
Total earnings per common share – basic |  | $ | 0.77 |  |  | $ | 0.39 |  |  |  |  |
Weighted average number of common shares outstanding – basic |  | 108,706 |  |  | 108,568 |  |  |  |  |
Earnings per common share calculation – diluted |  |  |  |  |  |  |  |
Income from continuing operations attributable to common shareholders, net of amount allocated to participating securities |  | $ | 83,730 |  |  | $ | 41,836 |  |  |  |  |
Income allocated to common units from continuing operations |  | — |  |  | — |  |  |  |  |
Net income attributable to common shareholders – diluted |  | $ | 83,730 |  |  | $ | 41,836 |  |  |  |  |
Total earnings per common share – diluted |  | $ | 0.77 |  |  | $ | 0.39 |  |  |  |  |
Weighted average number of common shares outstanding – basic |  | 108,706 |  |  | 108,568 |  |  |  |  |
Incremental shares issuable from assumed conversion of: |  |  |  |  |  |  |  |
Share awards granted |  | 23 |  |  | 36 |  |  |  |  |
Weighted average number of common shares outstanding – diluted |  | 108,729 |  |  | 108,604 |  |  |  |  |

X
- References No definition available. + Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/260/tableOfContent Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-3 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration