Net Income Per Common Share

12 Months Ended

Dec. 31, 2016

Note 15 - Net Income Per Common Share

The following table displays a reconciliation of the information used in calculating basic and diluted net income per common share for the years ended December 31, 2016, 2015, and 2014.



	Years Ended December 31,
(in thousands, except per share data)	2016		2015	2014
Net income	$	246,784	226,082	195,249
Dividends on preferred stock	10,238		10,238	10,238
Net income available to common shareholders	$	236,546	215,844	185,011
Weighted average common shares outstanding	124,389		132,423	138,495
Potentially dilutive shares from outstanding equity-based awards	689		778	659
Weighted average diluted common shares	125,078		133,201	139,154
Net income per common share, basic	$	1.90	1.63	1.34
Net income per common share, diluted	$	1.89	1.62	1.33

For the years ended December 31, 2016, 2015, and 2014, there were 2.2 million, 2.8 million, and 3.3 million potentially dilutive shares, respectively, related to Warrants and stock options to purchase shares of common stock that were outstanding during 2016, 2015, and 2014, respectively, but were not included in the computation of diluted net income per common share because the effect would have been anti-dilutive.