Annual report pursuant to Section 13 and 15(d)

Equity and Earnings Per Share (Tables)

v3.22.4
Equity and Earnings Per Share (Tables)
 12 Months Ended
Dec. 31, 2022
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted
The following is a reconciliation of the numerator and denominator for the computation of basic and diluted earnings per share:
Year Ended December 31,
2022 2021 2020
Numerator:
Net income attributable to common shareholders $ 94,926  $ 70,458  $ 54,052 
Adjustment for accretion of tax equity financing fees (116) (116) (121)
Income attributable to common shareholders $ 94,810  $ 70,342  $ 53,931 
Denominator:
Basic weighted-average shares outstanding 51,841  50,855  47,702 
Effect of dilutive securities:
Stock options 1,437  1,413  1,304 
Diluted weighted-average shares outstanding 53,278  52,268  49,006 
Net income per share attributable to common shareholders:
Basic $ 1.83  $ 1.38  $ 1.13 
Diluted $ 1.78  $ 1.35  $ 1.10 
Potentially dilutive shares (1)
1,108  1,443  1,199 
(1) Potentially dilutive shares attributable to stock options were excluded from the computation of diluted earnings per share as the effect would have been anti-dilutive.