Net Income Available to Common Stockholders Per Share of the Company (Tables)

9 Months Ended

Sep. 30, 2021

Earnings Per Share [Abstract]

Net income available to common stockholders

The following table reconciles the numerator and denominator in computing the Company’s basic and diluted per-share computations for net income available to common stockholders for the three and nine months ended September 30, 2021 and 2020:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020
	(in thousands, except share and per share amounts)
Numerator:
Net income available to common stockholders	$	47,028	$	49,028	$	580,498	$	108,463
Allocation to participating securities (1)	(388)		(572)		(1,124)		(1,657)
Numerator for basic and diluted net income available to common stockholders	$	46,640	$	48,456	$	579,374	$	106,806
Denominator:
Basic weighted average vested shares outstanding	116,456,796		115,226,324		116,418,113		112,405,817
Effect of dilutive securities	505,884		441,333		476,321		470,058
Diluted weighted average vested shares and common stock equivalents outstanding	116,962,680		115,667,657		116,894,434		112,875,875
Basic earnings per share:
Net income available to common stockholders per share	$	0.40	$	0.42	$	4.98	$	0.95
Diluted earnings per share:
Net income available to common stockholders per share	$	0.40	$	0.42	$	4.96	$	0.95

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(1)Participating securities include certain time-based RSUs and vested market measure-based RSUs.