EARNINGS PER SHARE (Tables)

9 Months Ended

Sep. 30, 2023

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,
	2023		2022		2023		2022
Numerator for basic and diluted earnings per share:
(Loss) income from continuing operations	$	(69,559)	$	3,063	$	54,419	$	2,453
Net (loss) income	(69,559)		3,063		54,419		2,453
Net income attributable to noncontrolling interests	1,565		1,807		4,573		4,881
Net (loss) income attributable to common stockholders	$	(71,124)	$	1,256	$	49,846	$	(2,428)
Denominator:
Denominator for basic earnings per share—weighted average shares	402,859		399,646		401,424		399,513
Effect of dilutive securities:
Stock options	—		—		—		11
Restricted stock awards	327		381		268		390
OP unitholder interests	3,469		3,516		3,474		3,517
Denominator for diluted earnings per share—adjusted weighted average shares	406,655		403,543		405,166		403,431
Basic earnings per share:
(Loss) income from continuing operations	$	(0.17)	$	0.01	$	0.14	$	0.01
Net (loss) income attributable to common stockholders	(0.18)		0.00		0.12		(0.01)
Diluted earnings per share: (1)
(Loss) income from continuing operations	$	(0.17)	$	0.01	$	0.13	$	0.01
Net (loss) income attributable to common stockholders	(0.18)		0.00		0.12		(0.01)

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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.