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Earnings Per Share
9 Months Ended
Sep. 30, 2024
Earnings Per Share [Abstract]  
Earnings Per Share
NOTE 9: Earnings Per Share
The following table presents a reconciliation of basic and diluted earnings per share for the three and nine months ended September 30, 2024 and 2023:
For the Three Months Ended September 30,For the Nine Months Ended September 30,
2024202320242023
Net income$12,620 $3,986 $41,134 $23,847 
Income allocated to noncontrolling interest(255)(56)(840)(559)
Income allocable to common shares$12,365 $3,930 $40,294 $23,288 
Weighted-average shares outstanding—Basic224,820,656 224,498,374 224,747,327 224,383,590 
Weighted-average shares outstanding—Diluted226,058,400 225,140,555 225,530,265 225,103,475 
Earnings per share—Basic$0.05 $0.02 $0.18 $0.10 
Earnings per share—Diluted$0.05 $0.02 $0.18 $0.10 
Certain IROP units and RSUs were excluded from the earnings per share computation because their effect would have been anti-dilutive, totaling 5,941,643for the three months ended September 30, 2024. Certain shares of our common stock offered under the Forward Sale Agreements, IROP units, and RSUs were excluded from the earnings per share computation because their effect would have been anti-dilutive, totaling 18,949,573 for the nine months ended September 30, 2024. Certain IROP units, PSUs, RSUs and restricted stock awards were excluded from the earnings per share computation because their effect would have been anti-dilutive, totaling 6,588,751 and 6,666,456 for the three and nine months ended September 30, 2023, respectively.