| Earnings Per Share During the three and six months ended June 30, 2024 and 2023, there were 125,389, 144,032, 124,492 and 141,699 of unvested restricted shares of common stock (on a weighted average basis), respectively, that were considered participating securities for the purposes of computing earnings per share. The following table reconciles the numerators and denominators in the computation of basic and diluted earnings per share of common stock for the three and six months ended June 30, 2024 and 2023.
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three months ended June 30, | | Six months ended June 30, | | Earnings Per Share (in thousands, except per share data) | | 2024 | | 2023 | | 2024 | | 2023 | | Numerator | | | | | | | | | | Net income attributable to common stockholders | | $ | 59,737 | | | $ | 51,553 | | | $ | 96,317 | | | $ | 100,966 | | | Denominator | | | | | | | | | | Weighted average common shares outstanding — basic | | 181,961 | | | 179,413 | | | 181,834 | | | 179,305 | | Effect of dilutive securities(1) | | | | | | | | | | Share-based compensation | | 224 | | | 318 | | | 253 | | | 210 | | | Shares issuable under forward sales agreements | | — | | | 7 | | | 1 | | | 3 | | | Weighted average common shares outstanding — diluted | | 182,185 | | | 179,738 | | | 182,088 | | | 179,518 | | | Net income per share — basic and diluted | | | | | | | | | | Net income per share attributable to common stockholders — basic | | $ | 0.33 | | | $ | 0.29 | | | $ | 0.53 | | | $ | 0.56 | | | Net income per share attributable to common stockholders — diluted | | $ | 0.33 | | | $ | 0.29 | | | $ | 0.53 | | | $ | 0.56 | |
(1)During the three and six months ended June 30, 2024 and 2023, there were approximately 125, 144, 124 and 142 unvested restricted shares of common stock (on a weighted average basis), respectively, that were not included in the computation of diluted earnings per share because the allocation of income under the two-class method was more dilutive.
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