Earnings Per Common Share (Tables)

12 Months Ended

Dec. 31, 2021

Schedule of Earnings Per Share, Basic and Diluted

The following table summarizes the average number of common shares and the net income used in the calculation of basic and diluted earnings per common share ($ in thousands, except share and per share amounts):


	Year Ended December 31,
	2021		2020		2019
Net income attributable to common stockholders	$	111,804	$	185,126	$	160,456

BASIC:
Weighted average common shares outstanding	45,714,221		44,696,285		43,417,828

DILUTED:
Weighted average common shares outstanding	45,714,221		44,696,285		43,417,828
Stock options	4,823		1,719		75,196
Convertible debt	10,453		—		210,224
Weighted average dilutive common shares outstanding	45,729,497		44,698,004		43,703,248

Net income attributable to common stockholders - basic	$	2.45	$	4.14	$	3.70
Net income attributable to common stockholders - diluted	$	2.44	$	4.14	$	3.67

Incremental anti-dilutive shares excluded:
Net share effect of stock options with an exercise price in excess of the
average market price for our common shares	383,716		390,596		4,678

Regular dividends declared per common share	$	3.8025	$	4.41	$	4.20