Schedule of Computation of Basic and Diluted Earnings Per Share |
The following table sets forth the computation of basic and diluted earnings per share for the three and six months ended June 30, 2025 and 2024 ($ in thousands, except per share amounts): | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | 2025 | | 2024 | | 2025 | | 2024 | Earnings per common share - basic: | | | | | | | | Numerator: | | | | | | | | Net income | $ | 14,658 | | | $ | 7,961 | | | $ | 35,751 | | | $ | 21,412 | | Net income attributable to noncontrolling interests in CPLP from continuing operations | (3) | | | (2) | | | (6) | | | (4) | | Net income attributable to other noncontrolling interests | (172) | | | (119) | | | (365) | | | (280) | | Net income available to common stockholders | $ | 14,483 | | | $ | 7,840 | | | $ | 35,380 | | | $ | 21,128 | | | | | | | | | | Denominator: | | | | | | | | Weighted average common shares - basic | 167,930 | | | 152,095 | | | 167,870 | | | 152,020 | | | | | | | | | | | | | | | | | | Net income per common share - basic | $ | 0.09 | | | $ | 0.05 | | | $ | 0.21 | | | $ | 0.14 | | | | | | | | | | Earnings per common share - diluted: | | | | | | | | Numerator: | | | | | | | | Net income | $ | 14,658 | | | $ | 7,961 | | | $ | 35,751 | | | $ | 21,412 | | Net income attributable to other noncontrolling interests | (172) | | | (119) | | | (365) | | | (280) | | Net income available for common stockholders before allocation of net income attributable to noncontrolling interests in CPLP | $ | 14,486 | | | $ | 7,842 | | | $ | 35,386 | | | $ | 21,132 | | | | | | | | | | Denominator: | | | | | | | | Weighted average common shares - basic | 167,930 | | | 152,095 | | | 167,870 | | | 152,020 | | Add: | | | | | | | | Potential dilutive common shares - ESPP | — | | | 2 | | | — | | | 1 | | Potential dilutive common shares - restricted stock units, less shares assumed purchased at market price | 810 | | | 492 | | | 784 | | | 454 | | Weighted average units of CPLP convertible into common shares | 25 | | | 25 | | | 25 | | | 25 | | Weighted average common shares - diluted | 168,765 | | | 152,614 | | | 168,679 | | | 152,500 | | | | | | | | | | | | | | | | | | Net income per common share - diluted | $ | 0.09 | | | $ | 0.05 | | | $ | 0.21 | | | $ | 0.14 | | | | | | | | | | | | | | | | | |
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