Earnings per Share (Tables)

6 Months Ended

Jun. 30, 2020

Earnings Per Share [Abstract]

Basic and diluted earnings per share calculation

Basic and diluted EPS are calculated as follows:

	For the Three Months Ended June 30,				For the Six Months Ended June 30,
	2020		2019		2020		2019
(in thousands, except share and per share data)
Numerator:
Net income available to common stockholders — basic and diluted	$	42,784	$	38,833	$	92,638	$	59,549
Denominator:
Weighted average common shares outstanding — basic	548,811,968		525,070,036		545,680,740		523,265,455
Effect of dilutive securities:
Incremental shares attributed to non-vested share-based awards	1,108,245		863,607		1,156,069		925,014
Weighted average common shares outstanding — diluted	549,920,213		525,933,643		546,836,809		524,190,469
Net income per common share — basic	$	0.08	$	0.07	$	0.17	$	0.11
Net income per common share — diluted	$	0.08	$	0.07	$	0.17	$	0.11