Quarterly report [Sections 13 or 15(d)]

EARNINGS PER SHARE

v3.25.1
EARNINGS PER SHARE
 3 Months Ended
Mar. 31, 2025
Earnings Per Share [Abstract]  
EARNINGS PER SHARE EARNINGS PER SHARE
The Company reports both basic and diluted earnings per share. Basic earnings per share is computed by dividing net income available to participating common stockholders by the weighted average number of participating common shares outstanding for the period. Diluted earnings per share is calculated by dividing the net income available to participating common shareholders by the diluted weighted average number of shares outstanding for the period. The diluted weighted average number of shares outstanding is the basic weighted number of shares adjusted for any potentially dilutive equity.
A reconciliation of weighted average shares outstanding is as follows (in thousands):
Three Months Ended
March 31,
2025 2024
Weighted-average outstanding common shares 482,581 481,877
Add participating securities:
Weighted-average time-lapse restricted awards 1,833 2,254
Total weighted-average shares outstanding – basic 484,414 484,131
Dilutive effect of restricted stock units and PSUs 20 187
Weighted-average shares outstanding – diluted 484,434 484,318