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Income Per Share (Tables)
9 Months Ended
Sep. 30, 2023
Numerator:  
Weighted Average Number of Common Shares Outstanding

The computation of basic and diluted earnings per common share is as follows (in thousands, except per share data):

Three Months Ended

Nine Months Ended

 

September 30, 

September 30, 

 

    

2023

    

2022

    

2023

    

2022

 

Numerator:

Net income available to common stockholders

$

41,227

$

45,241

$

169,090

$

70,904

Net (income) loss attributable to noncontrolling interest in consolidated joint venture

 

(715)

 

1,887

 

1,656

Net income available to common stockholders - if-converted method

$

40,512

$

47,128

$

170,746

$

70,904

 

 

 

 

Denominator:

Weighted average shares outstanding - basic

59,707

55,159

57,089

55,132

Effect of dilutive stock-based compensation

225

178

238

197

Effect of dilutive put rights

 

3,688

 

3,978

 

4,064

 

Weighted average shares outstanding - diluted

 

63,620

 

59,315

 

61,391

 

55,329

Basic income per share available to common stockholders

$

0.69

$

0.82

$

2.96

$

1.29

Diluted income per share available to common stockholders

$

0.64

$

0.79

$

2.78

$

1.28