Net Income Available to Common Stockholders Per Share of the Company (Tables)

9 Months Ended

Sep. 30, 2023

Schedule of Net Income Available to Common Stockholders

The following table reconciles the numerator and denominator in computing the Company’s basic and diluted per-share computations for net income available to common stockholders for the three and nine months ended September 30, 2023 and 2022:


	Three Months Ended September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
	(in thousands, except share and per share amounts)
Numerator:
Net income available to common stockholders	$	52,762	$	79,757	$	164,957	$	179,990

Allocation to participating securities (1)	(269)		(287)		(959)		(980)
Numerator for basic and diluted net income available to common stockholders	$	52,493	$	79,470	$	163,998	$	179,010
Denominator:
Basic weighted average vested shares outstanding	117,184,609		116,872,953		117,133,420		116,782,621
Effect of dilutive securities	310,637		369,458		277,975		380,528
Diluted weighted average vested shares and common stock equivalents outstanding	117,495,246		117,242,411		117,411,395		117,163,149
Basic earnings per share:
Net income available to common stockholders per share	$	0.45	$	0.68	$	1.40	$	1.53
Diluted earnings per share:
Net income available to common stockholders per share	$	0.45	$	0.68	$	1.40	$	1.53

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(1)Participating securities include certain time-based RSUs and vested market measure-based RSUs.