| Summary of Components used in Calculation of Basic and Diluted Earnings per Share |
The following table summarizes the components used in the calculation of basic and diluted earnings per share (“EPS”):
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For the three months ended
June 30, |
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For the six months ended
June 30, |
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(in thousands, except per share) |
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2020 |
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2019 |
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2020 |
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2019 |
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Basic earnings: |
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Net earnings attributable to Broadstone Net Lease, Inc. |
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$ |
15,353 |
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$ |
16,134 |
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$ |
26,169 |
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$ |
30,072 |
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Diluted earnings: |
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Net earnings attributable to Broadstone Net Lease, Inc. |
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$ |
15,353 |
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$ |
16,134 |
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$ |
26,169 |
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$ |
30,072 |
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Net earnings attributable to non-controlling interests |
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1,745 |
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1,208 |
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2,777 |
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2,292 |
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$ |
17,098 |
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$ |
17,342 |
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$ |
28,946 |
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$ |
32,364 |
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Basic and diluted weighted average shares outstanding: |
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Weighted average number of common shares outstanding
used in basic earnings per share |
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26,856 |
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23,204 |
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26,691 |
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22,770 |
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Effects of convertible membership units |
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3,056 |
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1,737 |
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2,791 |
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|
1,737 |
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Weighted average number of common shares outstanding
used in diluted earnings per share |
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29,912 |
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24,941 |
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29,482 |
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24,507 |
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Basic and diluted net earnings per common share |
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$ |
0.57 |
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$ |
0.70 |
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$ |
0.98 |
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$ |
1.32 |
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