Earnings per Share (Tables)

9 Months Ended

Sep. 30, 2021

Schedule of computation of basic and diluted earnings per share

The following table sets forth the net income attributable to the Company, its common shares outstanding, and its participating securities outstanding.


	Basic and Diluted EPS				Basic and Diluted EPS
	Three Months Ended September 30,				Nine Months Ended September 30,
	2020		2021		2020		2021
	(in thousands)
Net income	$	104,457	$	100,217	$	242,391	$	433,639
Less: net income attributable to non-controlling interests	27,511		23,289		60,670		81,271
Net income attributable to the Company	76,946		76,928		181,721		352,368
Less: Distributed and undistributed income attributable to participating securities	2,666		2,550		6,254		11,781
Distributed and undistributed income attributable to common shares	$	74,280	$	74,378	$	175,467	$	340,587

The following tables set forth the computation of EPS under the two-class method:


	Three Months Ended September 30,
	2020					2021
	Net Income Allocation		Shares(1)	Basic and Diluted EPS		Net Income Allocation		Shares(1)	Basic and Diluted EPS
	(in thousands, except for per share amounts)
Common shares	$	74,280	129,882	$	0.57	$	74,378	130,594	$	0.57
Participating securities	2,666		4,662	0.57		2,550		4,477	0.57
Total Company	$	76,946				$	76,928


	Nine Months Ended September 30,
	2020					2021
	Net Income Allocation		Shares(1)	Basic and Diluted EPS		Net Income Allocation		Shares(1)	Basic and Diluted EPS
	(in thousands, except for per share amounts)
Common shares	$	175,467	129,616	$	1.35	$	340,587	130,441	$	2.61
Participating securities	6,254		4,620	1.35		11,781		4,512	2.61
Total Company	$	181,721				$	352,368

_______________________________________________________________________________

(1) Represents the weighted average share count outstanding during the period.