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Earnings Per Share (Tables)
 3 Months Ended
Mar. 31, 2024
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)

 

2024

 

 

2023

 

Numerator:

 

 

 

 

 

 

Net income attributable to common stockholders

 

$

9,865

 

 

$

1,729

 

Earnings allocated to unvested participating securities

 

 

(9

)

 

 

(20

)

Numerator for income per common share - basic and diluted

 

$

9,856

 

 

$

1,709

 

Denominator:

 

 

 

 

 

 

Denominator for basic income per common share - weighted average shares

 

 

217,106

 

 

 

216,563

 

Effect of dilutive stock-based compensation plans (1)

 

 

80

 

 

 

54

 

Denominator for diluted income per common share - weighted average shares

 

 

217,186

 

 

 

216,617

 

 

 

 

 

 

 

 

Income per common share - basic and diluted

 

$

0.05

 

 

$

0.01

 

 

(1)
The effect of dilutive securities excludes 21,928 and 17,335 weighted average share equivalents for the three months ended March 31, 2024 and 2023, respectively, as their effect was anti-dilutive.