XML 57 R44.htm IDEA: XBRL DOCUMENT v3.22.4
Earnings Per Share (Tables)
12 Months Ended
Dec. 31, 2022
Earnings Per Share [Abstract]  
Schedule of earnings per share
The table below sets forth the computation of basic and diluted earnings per common share for the three years in the period ended December 31, 2022.
 YEAR ENDED DECEMBER 31,
Dollars in thousands, except per share data202220212020
Weighted average common shares outstanding
Weighted average common shares outstanding254,296,810 144,411,835 135,666,503 
Non-vested shares(1,940,607)(1,774,669)(1,736,358)
Weighted average common shares outstanding - basic252,356,203 142,637,166 133,930,145 
Weighted average common shares outstanding - basic252,356,203 142,637,166 133,930,145 
Dilutive effect of forward equity shares— — 6,283 
Dilutive effect of OP Units1,451,599 — — 
Dilutive effect of employee stock purchase plan65,519 73,062 70,512 
Weighted average common shares outstanding - diluted253,873,321 142,710,228 134,006,940 
Net income attributable to common stockholders$40,897 $66,659 $72,195 
Dividends paid on nonvested share-based awards(2,437)(2,154)(2,083)
Net income applicable to common stockholders - basic$38,460 $64,505 $70,112 
Net income attributable to OP Units81 — — 
Net income applicable to common stockholders - diluted$38,541 $64,505 $70,112 
Basic earnings per common share - net income$0.15 $0.45 $0.52 
Diluted earnings per common share - net income$0.15 $0.45 $0.52