| Schedule of calculation of numerator and denominator in basic and diluted earnings per share |
Summaries of the numerator and denominator for purposes of basic and diluted EPS calculations are set forth below (in thousands, except per share data):
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For the Three Months Ended September 30, |
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For the Nine Months Ended September 30, |
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2023 |
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2022 |
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2023 |
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2022 |
| Numerator: |
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| (Loss) income from continuing operations |
$ |
(221,207) |
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$ |
32,316 |
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$ |
(109,167) |
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$ |
97,162 |
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| Loss (income) from continuing operations attributable to noncontrolling interests |
5,020 |
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(1,395) |
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2,046 |
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(3,764) |
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| Income from continuing operations attributable to share-based compensation awards for basic EPS |
(992) |
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(91) |
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(1,093) |
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(295) |
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| Numerator for basic EPS from continuing operations attributable to common shareholders |
(217,179) |
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30,830 |
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(108,214) |
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93,103 |
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| Redeemable noncontrolling interests |
— |
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(40) |
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— |
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(109) |
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| Adjustment to income from continuing operations attributable to share-based compensation awards for diluted EPS |
— |
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16 |
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— |
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51 |
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| Numerator for diluted EPS from continuing operations attributable to common shareholders |
(217,179) |
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30,806 |
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(108,214) |
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93,045 |
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| Discontinued operations |
— |
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— |
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— |
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29,573 |
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| Discontinued operations attributable to noncontrolling interests |
— |
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— |
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— |
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(421) |
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| Income from discontinued operations attributable to share-based compensation awards for diluted EPS |
— |
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— |
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— |
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(90) |
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| Numerator for diluted EPS on net (loss) income attributable to common shareholders |
$ |
(217,179) |
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$ |
30,806 |
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$ |
(108,214) |
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$ |
122,107 |
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| Denominator (all weighted averages): |
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| Denominator for basic EPS (common shares) |
112,196 |
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112,093 |
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112,170 |
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112,066 |
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| Dilutive effect of redeemable noncontrolling interests |
— |
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105 |
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— |
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121 |
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| Dilutive effect of share-based compensation awards |
— |
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433 |
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— |
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429 |
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| Denominator for diluted EPS (common shares) |
112,196 |
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112,631 |
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112,170 |
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112,616 |
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| Basic EPS attributable to common shareholders: |
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| (Loss) income from continuing operations |
$ |
(1.94) |
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$ |
0.28 |
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$ |
(0.96) |
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$ |
0.83 |
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| Discontinued operations |
— |
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— |
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— |
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0.26 |
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| Net (loss) income |
$ |
(1.94) |
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$ |
0.28 |
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$ |
(0.96) |
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$ |
1.09 |
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| Diluted EPS attributable to common shareholders: |
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| (Loss) income from continuing operations |
$ |
(1.94) |
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$ |
0.27 |
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$ |
(0.96) |
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$ |
0.83 |
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| Discontinued operations |
— |
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— |
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— |
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0.25 |
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| Net (loss) income |
$ |
(1.94) |
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$ |
0.27 |
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$ |
(0.96) |
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$ |
1.08 |
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| Schedule of securities excluded from computation of diluted earnings per share |
Our diluted EPS computations do not include the effects of the following securities since the conversions of such securities would increase diluted EPS for the respective periods (in thousands):
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Weighted Average Shares Excluded from Denominator |
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For the Three Months Ended September 30, |
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For the Nine Months Ended September 30, |
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2023 |
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2022 |
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2023 |
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2022 |
| Conversion of common units |
1,520 |
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1,477 |
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1,508 |
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1,446 |
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| Conversion of redeemable noncontrolling interests |
882 |
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895 |
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980 |
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855 |
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