Earnings per Share (Tables)

6 Months Ended

Jun. 30, 2023

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 June 30,				Six Months Ended June 30,
	2022		2023		2022		2023
	(in thousands)
Net income	$	66,262	$	91,860	$	122,188	$	177,117
Less: net income attributable to non-controlling interests	11,055		13,623		17,864		28,075
Net income attributable to the Company	55,207		78,237		104,324		149,042
Less: Distributed and undistributed income attributable to participating securities	1,920		2,877		3,558		5,449
Distributed and undistributed income attributable to common shares	$	53,287	$	75,360	$	100,766	$	143,593

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


	Three Months Ended June 30,
	2022					2023
	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	$	53,287	124,897	$	0.43	$	75,360	122,634	$	0.61
Participating securities	1,920		4,500	$	0.43	2,877		4,681	$	0.61
Total Company	$	55,207				$	78,237


	Six Months Ended June 30,
	2022					2023
	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	$	100,766	126,942	$	0.79	$	143,593	122,594	$	1.17
Participating securities	3,558		4,482	$	0.79	5,449		4,652	$	1.17
Total Company	$	104,324				$	149,042

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