Basic earnings per share ("EPS") is calculated by dividing net income attributable to the Company’s common stockholders, including any participating securities, by the weighted average number of shares outstanding for the period. Certain restricted shares issued pursuant to the Company’s share-based compensation program are considered participating securities, as such stockholders have rights to receive non-forfeitable dividends. Fully-diluted EPS reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into shares of common stock. Unvested RSUs are not allocated net losses and/or any excess of dividends declared over net income, as such amounts are allocated entirely to the Company’s common stock.


	Three Months Ended June 30,				Six Months Ended June 30,
	2025		2024		2025		2024
Computation of Basic Earnings Per Share:
Net income	$	85,146	$	70,125	$	154,883	$	159,030
Net income attributable to non-controlling interests	(7)		—		(15)		—
Non-forfeitable dividends on unvested restricted shares	(186)		(184)		(346)		(343)
Net income attributable to the Company’s common stockholders for basic earnings per share	$	84,953	$	69,941	$	154,522	$	158,687

Weighted average number shares outstanding – basic	306,975		302,197		306,923		302,120

Basic earnings per share attributable to the Company’s common stockholders:
Net income per share	$	0.28	$	0.23	$	0.50	$	0.53

Computation of Diluted Earnings Per Share:
Net income attributable to the Company’s common stockholders for diluted earnings per share	$	84,953	$	69,941	$	154,522	$	158,687

Weighted average shares outstanding – basic	306,975		302,197		306,923		302,120
Effect of dilutive securities:
Equity awards	634		706		624		676
Weighted average shares outstanding – diluted	307,609		302,903		307,547		302,796

Diluted earnings per share attributable to the Company’s common stockholders:
Net income per share	$	0.28	$	0.23	$	0.50	$	0.52