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Earnings Per Share ("EPS")
 6 Months Ended
Jun. 30, 2023
Earnings Per Share [Abstract]  
Earnings Per Share (“EPS”) Earnings Per Share (“EPS”)
 
We present both basic and diluted EPS.  We compute basic EPS by dividing net income available to common shareholders allocable to unrestricted common shares under the two-class method by the weighted average number of unrestricted common shares outstanding during the period.  Our computation of diluted EPS is similar except that:
 
•the denominator is increased to include: (1) the weighted average number of potential additional common shares that would have been outstanding if securities that are convertible into common shares were converted; and (2) the effect of dilutive potential common shares outstanding during the period attributable to redeemable noncontrolling interests and share-based compensation awards using the if-converted or treasury stock methods; and
•the numerator is adjusted to add back any changes in income or loss that would result from the assumed conversion into common shares that we add to the denominator.
Summaries of the numerator and denominator for purposes of basic and diluted EPS calculations are set forth below (in thousands, except per share data):
For the Three Months Ended June 30,For the Six Months Ended June 30,
 2023202220232022
Numerator:  
Income from continuing operations$31,642 $33,595 $112,040 $64,846 
Income from continuing operations attributable to noncontrolling interests(1,355)(1,285)(2,974)(2,369)
Income from continuing operations attributable to share-based compensation awards for basic EPS(115)(92)(413)(204)
Numerator for basic EPS from continuing operations attributable to common shareholders30,172 32,218 108,653 62,273 
Redeemable noncontrolling interests(51)(30)(115)(69)
Adjustment to income from continuing operations attributable to share-based compensation awards for diluted EPS17 17 64 35 
Numerator for diluted EPS from continuing operations attributable to common shareholders30,138 32,205 108,602 62,239 
Discontinued operations— — — 29,573 
Discontinued operations attributable to noncontrolling interests— — — (421)
Income from discontinued operations attributable to share-based compensation awards for diluted EPS— — — (90)
Numerator for diluted EPS on net income attributable to common shareholders$30,138 $32,205 $108,602 $91,301 
Denominator (all weighted averages):  
Denominator for basic EPS (common shares)112,188 112,082 112,157 112,052 
Dilutive effect of redeemable noncontrolling interests62 126 77 129 
Dilutive effect of share-based compensation awards426 429 418 427 
Denominator for diluted EPS (common shares) 112,676 112,637 112,652 112,608 
Basic EPS attributable to common shareholders:
Income from continuing operations$0.27 $0.29 $0.97 $0.55 
Discontinued operations— — — 0.26 
Net income$0.27 $0.29 $0.97 $0.81 
Diluted EPS attributable to common shareholders:
Income from continuing operations$0.27 $0.29 $0.96 $0.55 
Discontinued operations— — — 0.26 
Net income$0.27 $0.29 $0.96 $0.81 

Our diluted EPS computations do not include the effects of the following securities since the conversions of such securities would increase diluted EPS for the respective periods (in thousands):
Weighted Average Shares Excluded from Denominator
For the Three Months Ended June 30,For the Six Months Ended June 30,
 2023202220232022
Conversion of common units1,514 1,476 1,502 1,430 
Conversion of redeemable noncontrolling interests934 863 953 835 

The following securities were also excluded from the computation of diluted EPS because their effect was antidilutive:

•weighted average restricted shares and deferred share awards for the three months ended June 30, 2023 and 2022 of 412,000 and 404,000, respectively, and for the six months ended June 30, 2023 and 2022 of 405,000 and 401,000, respectively;
•weighted average TB-PIUs for the three months ended June 30, 2023 and 2022 of 170,000 and 191,000, respectively, and for the six months ended June 30, 2023 and 2022 of 176,000 and 182,000, respectively; and
•weighted average vested PIUs for the three and six months ended June 30, 2023 of 170,000 and 137,000, respectively.