EARNINGS PER SHARE (Tables)

6 Months Ended

Jun. 30, 2024

Earnings Per Share [Abstract]

Schedule of Components used to Calculate Basic and Diluted Earnings Per Share

Below is a summary of the components used to calculate basic and diluted earnings per share (in thousands, except per share amounts):

	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
Numerator:
Net income (loss) attributable to common stockholders	$	30,849	$	(753)	$	28,733	$	(5,981)
Adjusted for:
Allocation of income to participating securities	(311)		—		(269)		—
Net income (loss) allocated to common stockholders - basic	30,538		(753)		28,464		(5,981)
Adjusted for:
Adjustment for income allocated to dilutive participating securities	3,533		—		2,180		—
Net income (loss) allocated to common stockholders - diluted	$	34,071	$	(753)	$	30,644	$	(5,981)
Denominator:
Weighted average common shares outstanding - basic	105,918		105,562		105,819		105,438
Adjusted for:
Dilutive effect of equity-based compensation awards	1,968		—		1,896		—
Effect of assumed conversion of convertible debt	25,617		—		25,448		—
Effect of assumed conversion of Operating Partnership units	15,948		—		15,949		—
Weighted average common shares outstanding - diluted	149,451		105,562		149,112		105,438
Net income (loss) per share available to common stockholders:
Basic	$	0.29	$	(0.01)	$	0.27	$	(0.06)
Diluted	$	0.23	$	(0.01)	$	0.21	$	(0.06)