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Organization and Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2023
Accounting Policies [Abstract]  
Summary of carrying values and fair values of senior subordinated notes and fixed rate mortgage facilities A summary of our fixed rate debt is as follows:
December 31, 2023December 31, 2022
Carrying ValueFair ValueCarrying ValueFair Value
3.50% senior subordinated notes due 2025
$547.7 $529.7 $546.2 $508.7 
3.75% senior subordinated notes due 2029
495.8 444.4 495.1 404.2 
Mortgage facilities (1)
402.1 378.5 494.3 462.1 
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(1)In addition to fixed rate debt, our mortgage facilities also include revolving mortgage facilities through Toyota Motor Credit Corporation that bear interest at variable rates. The fair value equals the carrying value.
Reconciliation of number of shares used in calculation of basic and diluted earning per share
A reconciliation of the number of shares used in the calculation of basic and diluted earnings per share for the years ended December 31, 2023, 2022, and 2021 follows:
Year Ended December 31,
202320222021
Weighted average number of common shares outstanding67,963,956 74,394,799 79,746,106 
Effect of non-participatory equity compensation— — — 
Weighted average number of common shares outstanding, including effect of dilutive securities67,963,956 74,394,799 79,746,106