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Earnings Per Common Share (Tables) | 6 Months Ended
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Jun. 30, 2024
Earnings Per Share [Abstract] |
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):
| Three Months Ended |  | Six Months Ended
| June 30, |  | June 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
Net income | $ | 34,952 |  |  | $ | 39,447 |  |  | $ | 65,610 |  |  | $ | 73,630 |
Add: net loss attributable to noncontrolling interests | 304 |  |  | 332 |  |  | 593 |  |  | 633 |
Net income attributable to stockholders | 35,256 |  |  | 39,779 |  |  | 66,203 |  |  | 74,263 |
Less: net income attributable to unvested restricted stock awards | (29) |  |  | (19) |  |  | (61) |  |  | (19) |
Net income attributable to common stockholders - basic | $ | 35,227 |  |  | $ | 39,760 |  |  | $ | 66,142 |  |  | $ | 74,244 |
BASIC: |  |  |  |  |  |  |
Weighted average common shares outstanding | 43,397,080 |  |  | 43,388,753 |  |  | 43,392,961 |  |  | 43,388,748 |
DILUTED: |  |  |  |  |  |  |
Weighted average common shares outstanding | 43,397,080 |  |  | 43,388,753 |  |  | 43,392,961 |  |  | 43,388,748 |
Stock options | 166,574 |  |  | — |  |  | 101,142 |  |  | 1,344 |
Weighted average dilutive common shares outstanding | 43,563,654 |  |  | 43,388,753 |  |  | 43,494,103 |  |  | 43,390,092 |
Earnings per common share - basic | $ | 0.81 |  |  | $ | 0.92 |  |  | $ | 1.52 |  |  | $ | 1.71 |
Earnings per common share - diluted | $ | 0.81 |  |  | $ | 0.92 |  |  | $ | 1.52 |  |  | $ | 1.71 |
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 | 261,255 |  |  | 903,425 |  |  | 376,965 |  |  | 776,771 |
Regular dividends declared per common share | $ | 0.90 |  |  | $ | 0.90 |  |  | $ | 1.80 |  |  | $ | 1.80 |

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 + Details
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