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Earnings Per Share (Tables)
3 Months Ended
Mar. 31, 2023
Earnings Per Share [Abstract]  
Summary of Computation of Earnings Per Share

The following table summarizes our net income and the number of common shares used in the computation of basic and diluted income per common share, which includes the weighted average number of common shares outstanding and the effect of dilutive potential common shares, if any.

 

 

 

For the Three Months Ended March 31,

 

(Amounts in thousands, except per share amounts)

 

2023

 

 

2022

 

Numerator:

 

 

 

 

 

 

Net income attributable to common stockholders

 

$

1,729

 

 

$

3,371

 

Earnings allocated to unvested participating securities

 

 

(20

)

 

 

(21

)

Numerator for income per common share - basic and diluted

 

$

1,709

 

 

$

3,350

 

Denominator:

 

 

 

 

 

 

Denominator for basic income per common share - weighted average shares

 

 

216,563

 

 

 

218,782

 

Effect of dilutive stock-based compensation plans (1)

 

 

54

 

 

 

58

 

Denominator for diluted income per common share - weighted average shares

 

 

216,617

 

 

 

218,840

 

 

 

 

 

 

 

 

Income per common share - basic and diluted

 

$

0.01

 

 

$

0.02

 

 

(1)
The effect of dilutive securities excludes 17,335 and 28,713 weighted average share equivalents for the three months ended March 31, 2023 and 2022, respectively, as their effect was anti-dilutive.