Quarterly report [Sections 13 or 15(d)]

Earnings Per Share ("EPS") (Tables)

v3.25.2
Earnings Per Share ("EPS") (Tables)
6 Months Ended
Jun. 30, 2025
Earnings Per Share [Abstract]  
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):
For the Three Months Ended June 30, For the Six Months Ended June 30,
  2025 2024 2025 2024
Numerator    
Net income attributable to common shareholders $ 38,347  $ 35,114  $ 73,087  $ 67,723 
Income attributable to share-based compensation awards for basic EPS (157) (114) (323) (259)
Numerator for basic EPS on net income attributable to common shareholders 38,190  35,000  72,764  67,464 
Adjustment to income attributable to share-based compensation awards for diluted EPS 45  22  94  44 
Numerator for diluted EPS on net income attributable to common shareholders $ 38,235  $ 35,022  $ 72,858  $ 67,508 
Denominator (all weighted averages)    
Denominator for basic EPS (common shares) 112,459  112,293  112,421  112,261 
Dilutive effect of share-based compensation awards 765  492  744  501 
Denominator for diluted EPS (common shares) 113,224  112,785  113,165  112,762 
Basic EPS attributable to common shareholders $ 0.34  $ 0.31  $ 0.65  $ 0.60 
Diluted EPS attributable to common shareholders $ 0.34  $ 0.31  $ 0.64  $ 0.60 
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):
Weighted Average Shares Excluded from Denominator
For the Three Months Ended June 30, For the Six Months Ended June 30,
  2025 2024 2025 2024
Conversion of common units 2,177  1,703  2,113  1,664 
Conversion of redeemable noncontrolling interest 826  926  850  937