Earnings Per Common Share

3 Months Ended

Mar. 31, 2022

Earnings Per Share [Abstract]

Earnings Per Common Share

Earnings Per Common Share  

The following is a computation of basic and diluted earnings per common share for the three months ended March 31, 2022 and 2021: 

	Three Months Ended
(in thousands, except per share data)	March 31, 2022		March 31, 2021
Net income	$	91,157	$	107,737
Weighted average number of common shares outstanding - basic	216,782		220,367
Effect of potentially dilutive common shares (1)	610		524
Weighted average number of common shares outstanding - diluted	217,392		220,891
Earnings per common share:
Basic	$	0.42	$	0.49
Diluted	$	0.42	$	0.49

(1)Represents the effect of the assumed vesting of non-participating restricted shares based on the treasury stock method. 

The following table represents the weighted average outstanding restricted shares that were not included in the computation of diluted earnings per share because their effect would be anti-dilutive for the three months ended March 31, 2022 and 2021:

	Three Months Ended
(in thousands)	March 31, 2022	March 31, 2021
Restricted stock awards	180	149