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Per Share Data | 3 Months Ended
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Mar. 31, 2026
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 restricted 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 impact of performance share awards, if any, and other units convertible into common shares is included in diluted earnings per share using the treasury stock method, and the impact of common shares under a forward sale agreement, if any, is included using the if-converted method until settlement. The number of common share equivalent securities excluded from the diluted earnings per share calculation was approximately 1.8 million for each of the three months ended March 31, 2026 and 2025. 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) |  | 2026 |  | 2025 |  |  |  |
Earnings per common share calculation – basic |  |  |  |  |  |  |  |
Net income attributable to common shareholders |  | $ | 42,449 |  |  | $ | 38,822 |  |  |  |  |
Amount allocated to participating securities |  | (101) |  |  | (91) |  |  |  |  |
Net income attributable to common shareholders – basic |  | $ | 42,348 |  |  | $ | 38,731 |  |  |  |  |
Total earnings per common share – basic |  | $ | 0.40 |  |  | $ | 0.36 |  |  |  |  |
Weighted average number of common shares outstanding – basic |  | 104,826 |  |  | 108,530 |  |  |  |  |
Earnings per common share calculation – diluted |  |  |  |  |  |  |  |
Net income attributable to common shareholders – diluted |  | $ | 42,348 |  |  | $ | 38,731 |  |  |  |  |
Total earnings per common share – diluted |  | $ | 0.40 |  |  | $ | 0.36 |  |  |  |  |
Weighted average number of common shares outstanding – basic |  | 104,826 |  |  | 108,530 |  |  |  |  |
Incremental shares issuable from assumed conversion of share awards granted |  | 73 |  |  | 67 |  |  |  |  |
Weighted average number of common shares outstanding – diluted |  | 104,899 |  |  | 108,597 |  |  |  |  |

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