XML 30 R10.htm IDEA: XBRL DOCUMENT
v3.24.1.u1

Earnings per Share | 3 Months Ended
--- | ---
Mar. 31, 2024
Earnings Per Share [Abstract] |
Earnings per Share | Earnings per Share The below table contains a reconciliation of Net income before income taxes and noncontrolling interest to Net income available for common stockholders:
|  |  |  | Three Months Ended March 31,
(in thousands) |  |  |  |  |  | 2024 |  | 2023 |  |
Income before income taxes and noncontrolling interest |  |  |  |  |  | $ | 139,820 |  |  | $ | 134,765 |  |  |
Provision for income taxes |  |  |  |  |  | 28,512 |  |  | 24,682 |  |  |
Net income |  |  |  |  |  | 111,308 |  |  | 110,083 |  |  |
Noncontrolling interest |  |  |  |  |  | (55,491) |  |  | (52,202) |  |  |
Net income available for common stockholders |  |  |  |  |  | $ | 55,817 |  |  | $ | 57,881 |  |  |
The calculation of basic and diluted earnings per share is presented below:
|  |  |  | Three Months Ended March 31,
(in thousands, except for share or per share data) |  |  |  |  |  | 2024 |  | 2023 |  |
Basic earnings per share: |  |  |  |  |  |  |  |  |  |
Net income available for common stockholders |  |  |  |  |  | $ | 55,817 |  |  | $ | 57,881 |  |  |
Less: Dividends and undistributed earnings allocated to participating securities |  |  |  |  |  | (3,073) |  |  | (2,677) |  |  |
Net income available for common stockholders, net of dividends and undistributed earnings allocated to participating securities |  |  |  |  |  | 52,744 |  |  | 55,204 |  |  |
Weighted average shares of common stock outstanding: |  |  |  |  |  |  |  |  |  |
Class A |  |  |  |  |  | 88,999,122 |  |  | 97,795,957 |  |  |
Basic earnings per share |  |  |  |  |  | $ | 0.59 |  |  | $ | 0.56 |  |  |
|  |  |  | Three Months Ended March 31,
(in thousands, except for share or per share data) |  |  |  |  |  | 2024 |  | 2023 |  |
Diluted earnings per share: |  |  |  |  |  |  |  |  |  |
Net income available for common stockholders, net of dividends and undistributed earnings allocated to participating securities |  |  |  |  |  | $ | 52,744 |  |  | $ | 55,204 |  |  |
Weighted average shares of common stock outstanding: |  |  |  |  |  |  |  |  |  |
Class A |  |  |  |  |  |  |  |  |  |
Issued and outstanding |  |  |  |  |  | 88,999,122 |  |  | 97,795,957 |  |  |
Issuable pursuant to Amended and Restated 2015 Management Incentive Plan |  |  |  |  |  | — |  |  | 17,734 |  |  |
|  |  |  |  |  | 88,999,122 |  |  | 97,813,691 |  |  |
Diluted earnings per share (1) |  |  |  |  |  | $ | 0.59 |  |  | $ | 0.56 |  |  |
(1) Excluded from the computation of diluted Earnings per share were 45,814 unexercised stock options for the three months ended March 31, 2024 because inclusion of the options would have been anti-dilutive.

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