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Earnings per share (Tables)
9 Months Ended
Sep. 30, 2024
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted

Our earnings per share (basic and diluted) are presented below (in thousands, except per share amounts):

 

 

Quarter ended Sept. 30,

 

 

Nine months ended Sept. 30,

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

$

147,188

 

 

$

96,254

 

 

$

418,479

 

 

$

400,351

 

Net loss (income) attributable to the noncontrolling interest

 

260

 

 

 

(71

)

 

 

673

 

 

 

240

 

Adjustment of redeemable noncontrolling interest to redemption value

 

(641

)

 

 

(282

)

 

 

(1,797

)

 

 

(1,281

)

Earnings available to common shareholders

$

146,807

 

 

$

95,901

 

 

$

417,355

 

 

$

399,310

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average number of common shares outstanding - basic

 

165,188

 

 

 

200,779

 

 

 

170,820

 

 

 

214,297

 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

 

 

 

Restricted stock units

 

447

 

 

 

261

 

 

 

378

 

 

 

170

 

Performance share awards

 

113

 

 

 

178

 

 

 

136

 

 

 

124

 

Weighted average number of common shares outstanding - diluted

 

165,748

 

 

 

201,218

 

 

 

171,334

 

 

 

214,591

 

 

 

 

 

 

 

 

 

 

 

 

Net income per share - basic

$

0.89

 

 

$

0.48

 

 

$

2.44

 

 

$

1.86

 

Net income per share - diluted

$

0.89

 

 

$

0.48

 

 

$

2.44

 

 

$

1.86