Net Income Per Common Share

12 Months Ended

Dec. 31, 2017

Note 14 - 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, 2017, 2016, and 2015.



	Years Ended December 31,
(in thousands, except per share data)	2017		2016		2015
Net income	$	275,474	$	246,784	$	226,082
Dividends on preferred stock	10,238		10,238		10,238
Net income available to common shareholders	$	265,236	$	236,546	$	215,844
Weighted average common shares outstanding	121,162		124,389		132,423
Potentially dilutive shares from outstanding equity-based awards and Earnout Payments	850		689		778
Weighted average diluted common shares	122,012		125,078		133,201
Net income per common share, basic	$	2.19	$	1.90	$	1.63
Net income per common share, diluted	$	2.17	$	1.89	$	1.62

For the years ended December 31, 2017, 2016, and 2015, there were 2.2 million, 2.2 million, and 2.8 million potentially dilutive shares, respectively, related to Warrants and stock options to purchase shares of common stock that were outstanding during 2017, 2016, and 2015, respectively, but were not included in the computation of diluted net income per common share because the effect would have been anti-dilutive.