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Earnings per Share (Tables)
 3 Months Ended
Mar. 31, 2024
Earnings Per Share [Abstract]  
Schedule of reconciliation of net income before noncontrolling interest to net income available for common stockholders
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)20242023
Income before income taxes and noncontrolling interest$139,820 $134,765 
Provision for income taxes28,512 24,682 
Net income111,308 110,083 
Noncontrolling interest(55,491)(52,202)
Net income available for common stockholders$55,817 $57,881 
Schedule of basic earnings per share
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)20242023
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 securities52,744 55,204 
Weighted average shares of common stock outstanding:
Class A88,999,122 97,795,957 
Basic earnings per share$0.59 $0.56 
Schedule of diluted earnings per share
 Three Months Ended March 31,
(in thousands, except for share or per share data)20242023
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 outstanding88,999,122 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.