Earnings per Share (Tables)

3 Months Ended

Mar. 31, 2022

Earnings Per Share [Abstract]

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
	Three Months Ended March 31,
	2021		2022
	(in thousands)
Net income	$	137,214	$	55,926
Less: net income attributable to non-controlling interests	26,668		6,809
Net income attributable to the Company	110,546		49,117
Less: Distributed and undistributed income attributable to participating securities	3,698		1,643
Distributed and undistributed income attributable to common shares	$	106,848	$	47,474

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

	Three Months Ended March 31,
	2021					2022
	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	$	106,848	130,329	$	0.82	$	47,474	129,010	$	0.37
Participating securities	3,698		4,511	$	0.82	1,643		4,464	$	0.37
Total Company	$	110,546				$	49,117

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