EARNINGS PER SHARE (Notes)

12 Months Ended

Dec. 31, 2023

EARNINGS PER SHARE

Basic EPS is calculated by dividing net income by the daily weighted-average number of common shares outstanding during the periods presented, which includes fully vested stock awards that have not yet been issued as common stock. Diluted EPS is based on shares outstanding for the calculation of basic EPS, plus unvested stock awards granted under our compensation plans and equity forward sale agreements, but only to the extent these instruments dilute earnings per share.

The following tables set forth the computation of basic and diluted EPS from continuing operations for the periods indicated:




















	Year Ended December, 31, 2023
	Income		Shares	Per Share Amount
	(Thousands, except per share amounts)
Basic EPS Calculation
Net income available for common stock	$	231,232	55,600	$	4.16
Diluted EPS Calculation
Effect of dilutive securities	—		260
Net income available for common stock and common stock equivalents	$	231,232	55,860	$	4.14

	Year Ended December, 31, 2022
	Income		Shares	Per Share Amount
	(Thousands, except per share amounts)
Basic EPS Calculation
Net income available for common stock	$	221,742	54,207	$	4.09
Diluted EPS Calculation
Effect of dilutive securities	—		131
Net income available for common stock and common stock equivalents	$	221,742	54,338	$	4.08

	Year Ended December, 31, 2021
	Income		Shares	Per Share Amount
	(Thousands, except per share amounts)
Basic EPS Calculation
Net income available for common stock	$	206,434	53,575	$	3.85
Diluted EPS Calculation
Effect of dilutive securities	—		99
Net income available for common stock and common stock equivalents	$	206,434	53,674	$	3.85