| Computation Of Basic And Diluted EPS |
The components of the computation of basic and diluted EPS are as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three-Month Period Ended | | Nine-Month Period Ended | | (In thousands except share amounts) | | September 30, 2022 | | September 30, 2021 | | September 30, 2022 | | September 30, 2021 | | Net income (loss) attributable to common stockholders | | $ | (33,290) | | | $ | 20,564 | | | $ | (108,073) | | | $ | 91,075 | | Add: Net income (loss) attributable to Convertible Non-controlling Interests(1) | | (424) | | | 281 | | | (1,374) | | | 1,363 | | Net income (loss) attributable to common stockholders and Convertible Non-controlling Interests | | (33,714) | | | 20,845 | | | (109,447) | | | 92,438 | | | Dividends declared: | | | | | | | | | | Common stockholders | | (27,131) | | | (22,854) | | | (80,328) | | | (55,253) | | | Convertible Non-controlling Interests | | (346) | | | (307) | | | (1,020) | | | (805) | | | Total dividends declared to common stockholders and Convertible Non-controlling Interests | | (27,477) | | | (23,161) | | | (81,348) | | | (56,058) | | | Undistributed (Distributed in excess of) earnings: | | | | | | | | | | Common stockholders | | (60,421) | | | (2,290) | | | (188,401) | | | 35,822 | | | Convertible Non-controlling Interests | | (770) | | | (26) | | | (2,394) | | | 558 | | Total undistributed (distributed in excess of) earnings attributable to common stockholders and Convertible Non-controlling Interests | | $ | (61,191) | | | $ | (2,316) | | | $ | (190,795) | | | $ | 36,380 | | | Weighted average shares outstanding (basic and diluted): | | | | | | | | | | Weighted average shares of common stock outstanding | | 60,215,948 | | | 49,853,267 | | | 59,295,566 | | | 45,827,785 | | | Weighted average Convertible Non-controlling Interest Units outstanding | | 766,527 | | | 680,066 | | | 754,224 | | | 674,964 | | Weighted average shares of common stock and Convertible Non-controlling Interest Units outstanding | | 60,982,475 | | | 50,533,333 | | | 60,049,790 | | | 46,502,749 | | Basic earnings per share of common stock and Convertible Non-controlling Interest Unit: | | | | | | | | | | Distributed | | $ | 0.45 | | | $ | 0.45 | | | $ | 1.35 | | | $ | 1.19 | | | Undistributed (Distributed in excess of) | | (1.00) | | | (0.04) | | | (3.17) | | | 0.80 | | | | $ | (0.55) | | | $ | 0.41 | | | $ | (1.82) | | | $ | 1.99 | | Diluted earnings per share of common stock and Convertible Non-controlling Interest Unit: | | | | | | | | | | Distributed | | $ | 0.45 | | | $ | 0.45 | | | $ | 1.35 | | | $ | 1.19 | | | Undistributed (Distributed in excess of) | | (1.00) | | | (0.04) | | | (3.17) | | | 0.80 | | | | $ | (0.55) | | | $ | 0.41 | | | $ | (1.82) | | | $ | 1.99 | |
(1)For the three-month periods ended September 30, 2022 and 2021, excludes net income (loss) of $0.2 million and $1.2 million, respectively, attributable to joint venture partners, which have non-participating interests as described in Note 15. For the nine-month periods ended September 30, 2022 and 2021, excludes net income (loss) of $0.3 million and $3.4 million, respectively, attributable to joint venture partners, which have non-participating interests as described in Note 15. |