v3.22.2.2
Earnings per Share - Summary of Components used in Calculation of Basic and Diluted Earnings per Share (Detail) - USD ($)
$ / shares in Units, shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Basic earnings:        
Net earnings attributable to Broadstone Net Lease, Inc. common shareholders $ 27,109 $ 28,698 $ 87,383 $ 72,135
Less earnings allocated to unvested restricted shares (108) (95) (310) (296)
Net earnings used to compute basic earnings per common share 27,001 28,603 87,073 71,839
Diluted earnings:        
Net earnings used to compute basic earnings per share 27,001 28,603 87,073 71,839
Net earnings attributable to non-controlling interests 1,600 1,824 5,319 5,167
Net earnings used to compute diluted earnings per common share $ 28,601 $ 30,427 $ 92,392 $ 77,006
Weighted Average Number of Common Shares Outstanding 172,973 159,604 169,061 150,593
Less weighted average unvested restricted shares [1] (395) (378) (381) (366)
Weighted average number of common shares outstanding used in basic earnings per common share 172,578 159,226 168,680 150,227
Effect of restricted stock units [2] 180 219 166 172
Effects of convertible membership units [3] 10,213 10,142 10,286 10,874
Weighted average number of common shares outstanding used in diluted earnings per common share 182,971 169,587 179,132 161,273
Basic earnings per share $ 0.16 $ 0.18 $ 0.52 $ 0.48
Diluted earnings per share $ 0.16 $ 0.18 $ 0.52 $ 0.48
[1] Represents the weighted average effects of 397,135 and 373,619 unvested restricted shares of common stock as of September 30, 2022 and 2021, respectively, which will be excluded from the computation of earnings per share until they vest.
[2] Represents the weighted average effects of shares of common stock to be issued as though the end of the period were the end of the performance period (see Note 15).
[3] Represents the weighted average effects of 10,204,806 and 10,370,417 OP Units outstanding at September 30, 2022 and 2021, respectively. OP Units are included in the diluted earnings per share calculation. However, because such OP Units would also require that the share of the net income attributable to such OP units also be added back to net income, there is no effect to EPS.