XML 46 R36.htm IDEA: XBRL DOCUMENT v3.25.2
Earnings per Share (Tables)
 6 Months Ended
Jun. 30, 2025
Earnings Per Share [Abstract]  
Schedule of computation of basic and diluted earnings per share
The following table sets forth the net income attributable to the Company, its shares, and its participating shares:
Three Months Ended June 30,
Six Months Ended June 30,
20252024
2025
2024
(in thousands)
Net income$46,194 $53,059 $86,836 $103,338 
Less: net income attributable to non-controlling interests
1,634 1,322 3,365 2,645 
Net income attributable to the Company44,560 51,737 83,471 100,693 
Less: distributed and undistributed net income attributable to participating securities
530 — 985 — 
Distributed and undistributed net income attributable to common shares
$44,030 $51,737 $82,486 $100,693 
The following tables set forth the computation of EPS. The Company applied the two-class method for the three and six months ended June 30, 2025.
Three Months Ended June 30, 2025Three Months Ended June 30, 2024
Net Income Attributable to the Company
Shares(1)
Basic and Diluted EPSNet Income Attributable to the Company
Shares(1)
Basic and Diluted EPS
(in thousands, except for per share amounts)
Common shares$44,030 126,647 $0.35 $51,737 104,094 $0.50 
Participating securities
530 1,524 $0.35 — — $— 
Total Company
$44,560 128,171 $0.35 $51,737 104,094 $0.50 
Six Months Ended June 30, 2025Six Months Ended June 30, 2024
Net Income Attributable to the Company
Shares(1)
Basic and Diluted EPSNet Income Attributable to the Company
Shares(1)
Basic and Diluted EPS
(in thousands, except for per share amounts)
Common shares$82,486 126,647 $0.65 $100,693 104,094 $0.97 
Participating securities
985 1,512 $0.65 — — $— 
Total Company
$83,471 128,159 $0.65 $100,693 104,094 $0.97 
____________________________________________
(1)    Represents the weighted average shares outstanding during the period.