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Net Income Available to Common Stockholders Per Share of the Company | 12 Months Ended
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Dec. 31, 2024
Earnings Per Share [Abstract] |
Net Income Available to Common Stockholders Per Share of the Company | Net Income Available to Common Stockholders Per Share of the Company 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 years ended December 31, 2024, 2023, and 2022:
| Year Ended December 31,
| 2024 |  | 2023 |  | 2022
| (in thousands, except unit and per unit amounts)
Numerator: |  |  |  |  |
Net income available to common stockholders | $ | 210,969 |  |  | $ | 212,241 |  |  | $ | 232,615 |
Allocation to participating securities (1) | (1,967) |  |  | (1,233) |  |  | (1,272) |
Numerator for basic and diluted net income available to common stockholders | $ | 209,002 |  |  | $ | 211,008 |  |  | $ | 231,343 |
Denominator: |  |  |  |  |
Basic weighted average vested shares outstanding | 117,649,111 |  |  | 117,160,173 |  |  | 116,806,575 |
Effect of dilutive securities | 507,876 |  |  | 346,082 |  |  | 413,472 |
Diluted weighted average vested shares and common stock equivalents outstanding | 118,156,987 |  |  | 117,506,255 |  |  | 117,220,047 |
Basic earnings per share: |  |  |  |  |
Net income available to common stockholders per share | $ | 1.78 |  |  | $ | 1.80 |  |  | $ | 1.98 |
Diluted earnings per share: |  |  |  |  |
Net income available to common stockholders per share | $ | 1.77 |  |  | $ | 1.80 |  |  | $ | 1.97 |
_____________________ (1)Participating securities include nonvested shares, certain time-based RSUs and vested market measure-based RSUs. Share-based payment awards that contain non-forfeitable rights to dividends or dividend equivalents (whether paid or unpaid) are considered participating securities. The impact of potentially dilutive common shares, including stock options and RSUs are considered in our diluted earnings per share calculation for the years ended December 31, 2024, 2023, and 2022. Certain market measure-based RSUs are not included in dilutive securities as of December 31, 2024, 2023, and 2022 as not all performance metrics had been met by the end of the applicable reporting periods. Additionally, certain unvested time-based RSUs are not included in dilutive securities for the year ended December 31, 2023 as they were anti-dilutive. See Note 16 “Share-Based and Other Compensation” for additional information regarding the RSUs.

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