Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2021

Schedule of earnings per share, basic and diluted

The following table provides a reconciliation of the numerator and denominator of the EPS calculations for the three and six months ended June 30, 2021 and 2020 (dollars in thousands, except per share data):


	Three Months Ended June 30,				Six Months Ended June 30,
	2021		2020		2021		2020
Computation of Basic Earnings Per Share:
Net income	$	90,428	$	9,044	$	142,799	$	68,825
Non-forfeitable dividends on unvested restricted shares	(293)		(27)		(434)		(232)
Net income attributable to the Company’s common stockholders for basic earnings per share	$	90,135	$	9,017	$	142,365	$	68,593

Weighted average number shares outstanding – basic	297,216		296,546		297,196		297,194

Basic earnings per share attributable to the Company’s common stockholders:
Net income per share	$	0.30	$	0.03	$	0.48	$	0.23

Computation of Diluted Earnings Per Share:
Net income attributable to the Company’s common stockholders for diluted earnings per share	$	90,135	$	9,017	$	142,365	$	68,593

Weighted average shares outstanding – basic	297,216		296,546		297,196		297,194
Effect of dilutive securities:
Equity awards	1,061		227		1,026		291
Weighted average shares outstanding – diluted	298,277		296,773		298,222		297,485

Diluted earnings per share attributable to the Company’s common stockholders:
Net income per share	$	0.30	$	0.03	$	0.48	$	0.23