Earnings Per Share

3 Months Ended

Mar. 31, 2024

Earnings Per Share [Abstract]

Earnings Per Share

Earnings Per Share

Basic earnings per share is computed by dividing net income attributable to common stockholders by the number of weighted average shares of voting common stock outstanding, including unvested restricted stock awards which contain rights to non-forfeitable dividends. Diluted earnings per share is computed by dividing net income attributable to common stockholders by the number of weighted average shares of voting common stock outstanding, adjusted for the dilutive

impact of unissued shares paid to directors during the year as compensation. A reconciliation of the number of shares used in the calculation of basic and diluted earnings per share for the three months ended March 31, 2024 and 2023 follows:

	Three Months Ended March 31,
	2024	2023
Weighted average number of common shares outstanding	67,061,968	69,201,232
Effect of non-participatory equity compensation	15,433	17,629
Weighted average number of common shares outstanding, including effect of dilutive securities	67,077,401	69,218,861