EARNINGS PER SHARE (Tables)

9 Months Ended

Sep. 30, 2022

Computation of Basic and Diluted Earnings Per Common Share

The following table shows the amounts used in computing our basic and diluted earnings per share (in thousands, except per share amounts):


	For the Three Months Ended September 30,				For the Nine Months Ended September 30,
	2022		2021		2022		2021
Numerator for basic and diluted earnings per share:
Income from continuing operations	$	3,063	$	62,774	$	2,453	$	95,664
Net income	3,063		62,774		2,453		95,664
Net income attributable to noncontrolling interests	1,807		2,094		4,881		5,802
Net income (loss) attributable to common stockholders	$	1,256	$	60,680	$	(2,428)	$	89,862
Denominator:
Denominator for basic earnings per share—weighted average shares	399,646		381,996		399,513		377,271
Effect of dilutive securities:
Stock options	—		72		11		45
Restricted stock awards	381		404		390		340
OP unitholder interests	3,516		3,051		3,517		2,987
Denominator for diluted earnings per share—adjusted weighted average shares	403,543		385,523		403,431		380,643
Basic earnings per share:
Income from continuing operations	$	0.01	$	0.16	$	0.01	$	0.25
Net income (loss) attributable to common stockholders	0.00		0.16		(0.01)		0.24
Diluted earnings per share: (1)
Income from continuing operations	$	0.01	$	0.16	$	0.01	$	0.25
Net income (loss) attributable to common stockholders	0.00		0.16		(0.01)		0.24

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(1) Potential common shares are not included in the computation of diluted earnings per share when a loss from continuing operations exists as the effect would be an antidilutive per share amount.