XML 43 R28.htm IDEA: XBRL DOCUMENT
v3.24.3

Earnings Per Share (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2024
Earnings Per Share [Abstract] |
Reconciliation of Net Income (Loss) and Number of Common Shares Used in Computations of "Basic" EPS and "Diluted" EPS | The following table provides a reconciliation of net income and the number of common shares used in the computations of “basic” earnings per share (“EPS”), which utilizes the weighted-average number of common shares outstanding without regard to dilutive potential common shares, and “diluted” EPS, which includes all such shares (in thousands, except per share amounts):
| Three Months |  |  | Nine Months |
| Ended September 30, |  |  | Ended September 30, |
| 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Numerators – Basic and Diluted |  |  |  |  |  |  |  |  |  |  |
Net income | $ | 322,953 |  |  | $ | 48,642 |  |  | $ | 537,646 |  |  | $ | 69,297 |
Income attributable to non-controlling interests |  | — |  |  |  | — |  |  |  | — |  |  |  | (18 | )
Preferred dividends |  | (2,789 | ) |  |  | (2,789 | ) |  |  | (8,367 | ) |  | $ | (8,367 | )
Earnings attributable to unvested shares and OP Units |  | (1,171 | ) |  |  | (100 | ) |  |  | (2,005 | ) |  | $ | (295 | )
Net income attributable to common shareholders after allocation to participating securities | $ | 318,993 |  |  | $ | 45,753 |  |  | $ | 527,274 |  |  | $ | 60,617 |
Denominators – Number of Shares |  |  |  |  |  |  |  |  |  |  |
Basic—Average shares outstanding |  | 52,400 |  |  |  | 52,322 |  |  |  | 52,381 |  |  |  | 52,376 |
Assumed conversion of dilutive securities—PRSUs |  | 153 |  |  |  | 28 |  |  |  | 177 |  |  |  | 60 |
Diluted—Average shares outstanding |  | 52,553 |  |  |  | 52,350 |  |  |  | 52,558 |  |  |  | 52,436 |
Earnings Per Share: |  |  |  |  |  |  |  |  |  |  |
Basic | $ | 6.09 |  |  | $ | 0.87 |  |  | $ | 10.07 |  |  | $ | 1.16 |
Diluted | $ | 6.07 |  |  | $ | 0.87 |  |  | $ | 10.03 |  |  | $ | 1.16 |

X
- References No definition available. + Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration