Net Income Per Share (Tables)

6 Months Ended

Jun. 30, 2022

Net Income Per Share

Schedule of earnings per share, basic and diluted

Computations of net income per basic and diluted share (in thousands, except share and per share data) were as follows:

	For the Three Months Ended				For the Six Months Ended
	June 30,				June 30,
	2022		2021		2022		2021
Net income	$	40,214	$	29,339	$	75,264	$	55,266
Preferred stock dividends		(338)		(338)		(676)		(676)
Distribution to participating securities		(207)		(137)		(409)		(263)
Net income attributable to common stockholders used to compute net income per share - basic		39,669		28,864		74,179		54,327
Dilutive effect of Exchangeable Senior Notes		68		1,879		402		3,752
Net income attributable to common stockholders used to compute net income per share - diluted	$	39,737	$	30,743	$	74,581	$	58,079
Weighted-average common shares outstanding:
Basic		27,850,561		23,889,761		26,741,568		23,889,580
Restricted stock and RSUs		82,387		96,230		113,858		94,223
PSUs		—		—		—		—
Dilutive effect of Exchangeable Senior Notes		103,742		2,182,691		304,348		2,182,691
Diluted		28,036,690		26,168,682		27,159,774		26,166,494
Net income attributable to common stockholders per share:
Basic	$	1.42	$	1.21	$	2.77	$	2.27
Diluted	$	1.42	$	1.17	$	2.75	$	2.22