Earnings and Dividends per Share and per Unit (Tables)

6 Months Ended

Jun. 30, 2022

Earnings Per Share [Abstract]

Reconciliations of Numerator and Denominator in Calculations of Basic and Diluted Earnings (Loss) per Share and per Unit

Reconciliations of the numerator and denominator in the calculations of basic and diluted earnings per share and per unit are as follows (in thousands, except per share and per unit data):

	Three Months Ended June 30,					Six Months Ended June 30,
	2022		2021			2022		2021
Earnings (loss) per share
Numerator:
Basic and dilutive net income (loss) attributable to AIR common stockholders	$	196,722	$	(18,030	)	$	572,603	$	65,166
Denominator – shares:
Basic weighted-average common shares outstanding		155,927		154,608			156,327		151,609
Dilutive common share equivalents outstanding		209		—			280		474
Dilutive weighted-average common shares outstanding		156,136		154,608			156,607		152,083
Earnings (loss) per common share – basic and diluted	$	1.26	$	(0.12	)	$	3.66	$	0.43
Earnings (loss) per unit
Numerator:
Basic and dilutive net income (loss) attributable to the AIR Operating Partnership's common unitholders	$	209,471	$	(18,975	)	$	609,519	$	68,657
Denominator – units
Basic weighted-average common units outstanding		166,023		162,698			166,434		159,701
Dilutive common unit equivalents outstanding		209		—			280		474
Dilutive weighted-average common units outstanding		166,232		162,698			166,714		160,175
Earnings (loss) per common unit – basic and diluted	$	1.26	$	(0.12	)	$	3.66	$	0.43