PARTNERS' EQUITY OF THE PARENT COMPANY (Tables)

12 Months Ended

Dec. 31, 2021

Earnings Per Share (EPS), Basic and Diluted

The following table details the number of shares and net income used to calculate basic and diluted earnings per share (in thousands, except share and per share amounts; results may not add due to rounding):


	Year Ended December 31,
	2021				2020				2019
	Basic		Diluted		Basic		Diluted		Basic		Diluted
Numerator
Net income	$	12,366	$	12,366	$	307,326	$	307,326	$	34,529	$	34,529
Net income attributable to noncontrolling interests	(77)		(77)		(1,799)		(1,799)		(262)		(262)
Nonforfeitable dividends allocated to unvested restricted shareholders	(421)		(421)		(410)		(410)		(396)		(396)


Net income attributable to common shareholders	$	11,868	$	11,868	$	305,117	$	305,117	$	33,871	$	33,871
Denominator
Weighted-average shares outstanding	170,878,185		170,878,185		171,926,079		171,926,079		176,132,941		176,132,941
Contingent securities/Share based compensation	—		1,395,055		—		390,997		—		553,872
Weighted-average shares outstanding	170,878,185		172,273,240		171,926,079		172,317,076		176,132,941		176,686,813
Earnings per Common Share:
Net income attributable to common shareholders	$	0.07	$	0.07	$	1.77	$	1.77	$	0.19	$	0.19

The following table details the number of units and net income used to calculate basic and diluted earnings per common partnership unit (in thousands, except unit and per unit amounts; results may not add due to rounding):


	Year Ended December 31,
	2021				2020				2019
	Basic		Diluted		Basic		Diluted		Basic		Diluted
Numerator
Net income	$	12,366	$	12,366	$	307,326	$	307,326	$	34,529	$	34,529
Net (income) loss attributable to noncontrolling interests	3		3		(20)		(20)		(69)		(69)
Nonforfeitable dividends allocated to unvested restricted unitholders	(421)		(421)		(410)		(410)		(396)		(396)


Net income attributable to common unitholders	$	11,948	$	11,948	$	306,896	$	306,896	$	34,064	$	34,064
Denominator
Weighted-average units outstanding	171,770,843		171,770,843		172,907,713		172,907,713		177,114,932		177,114,932
Contingent securities/Share based compensation	—		1,395,055		—		390,997		—		553,872
Total weighted-average units outstanding	171,770,843		173,165,898		172,907,713		173,298,710		177,114,932		177,668,804
Earnings per Common Partnership Unit:
Net income attributable to common unitholders	$	0.07	$	0.07	$	1.77	$	1.77	$	0.19	$	0.19