Market Updates & Recent Developments
Reconciliation to Adjusted Diluted EPS
($ in thousands, except per share amounts)
Net income
Special Items:
For the Three Months Ended
March 31,
2023
December 31,
2022
September 30,
June 30,
2022
2022
March 31,
2022
$12,400
$24,437
$68,318
$10,562
$19,003
Expenses associated with debt repayments and refinancing transactions
Income tax expense associated with change in corporate tax structure
Gain on sale of real estate assets, net
Shareholder litigation expense
Asset impairments
Income tax expense (benefit) for special items
Adjusted net income
Weighted average common shares outstanding - basic
489
783
6,805
2,308
(579)
(83,828)
(1,060)
(2,261)
1,900
879
3,513
(205)
20,959
(2,041)
$14,708
$25,021
$9,745
$16,166
625
$17,367
114,533
114,982
116,569
120,529
120,796
Effect of dilutive securities:
Restricted stock-based awards
937
1,274
881
817
Weighted average shares and assumed conversions - diluted
115,470
116,256
117,450
121,346
624
121,420
Adjusted Earnings Per Basic Share
$0.13
$0.22
$0.08
$0.13
$0.14
Adjusted Earnings Per Diluted Share
$0.13
$0.22
$0.08
$0.13
$0.14
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