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INCOME PER SHARE (Tables)
9 Months Ended
Sep. 30, 2024
INCOME PER SHARE  
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, 

    

2024

    

2023

    

2024

    

2023

Numerator:

Net income available to common stockholders

$

59,011

$

41,227

$

202,872

$

169,090

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

 

997

 

(715)

 

3,688

1,656

Net income available to common stockholders - if-converted method

$

60,008

$

40,512

$

206,560

$

170,746

 

 

 

 

Denominator:

Weighted average shares outstanding - basic

59,900

59,707

59,845

57,089

Effect of dilutive stock-based compensation

223

225

287

238

Effect of dilutive put rights

 

3,778

 

3,688

 

3,403

 

4,064

Weighted average shares outstanding - diluted

 

63,901

 

63,620

 

63,535

 

61,391

Basic income per share available to common stockholders

$

0.99

$

0.69

$

3.39

$

2.96

Diluted income per share available to common stockholders

$

0.94

$

0.64

$

3.25

$

2.78