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Earnings Per Share
 12 Months Ended
Dec. 31, 2022
Earnings Per Share [Abstract]  
Earnings Per Share Earnings Per Share
The Company uses the two-class method of computing net earnings per common shares. The Company's non-vested share-based awards are considered participating securities pursuant to the two-class method.
The Company used the treasury method to determine the dilution from the forward equity agreements during the period of time prior to settlement. The number of weighted-average shares outstanding used in the computation of earnings per common share for the year ended December 31, 2021 included the effect from the assumed issuance of 0.7 million shares of common stock pursuant to the settlement of the forward equity agreements at the contractual price, less the assumed repurchase of the common stock at the average market price using the proceeds of approximately $23.1 million, adjusted for costs to borrow. For the year ended December 31, 2021, 1,682 weighted-average incremental shares of common stock were excluded from the computation of weighted-average common shares outstanding - diluted, as the impact was anti-dilutive. As of and for the year ended December 31, 2022, these forward equity agreements settled and consequently, the Company did not have any remaining shares subject to unsettled forward sale agreements.
The table below sets forth the computation of basic and diluted earnings per common share for the three years in the period ended December 31, 2022.
 YEAR ENDED DECEMBER 31,
Dollars in thousands, except per share data202220212020
Weighted average common shares outstanding
Weighted average common shares outstanding254,296,810 144,411,835 135,666,503 
Non-vested shares(1,940,607)(1,774,669)(1,736,358)
Weighted average common shares outstanding - basic252,356,203 142,637,166 133,930,145 
Weighted average common shares outstanding - basic252,356,203 142,637,166 133,930,145 
Dilutive effect of forward equity shares— — 6,283 
Dilutive effect of OP Units1,451,599 — — 
Dilutive effect of employee stock purchase plan65,519 73,062 70,512 
Weighted average common shares outstanding - diluted253,873,321 142,710,228 134,006,940 
Net income attributable to common stockholders$40,897 $66,659 $72,195 
Dividends paid on nonvested share-based awards(2,437)(2,154)(2,083)
Net income applicable to common stockholders - basic$38,460 $64,505 $70,112 
Net income attributable to OP Units81 — — 
Net income applicable to common stockholders - diluted$38,541 $64,505 $70,112 
Basic earnings per common share - net income$0.15 $0.45 $0.52 
Diluted earnings per common share - net income$0.15 $0.45 $0.52