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

12 Months Ended

Dec. 31, 2024

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 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

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