Net Income Per Common Share (Tables)

6 Months Ended

Jun. 30, 2021

Earnings Per Share [Abstract]

Schedule of Basic and Diluted Earnings Per Share

The following table displays a reconciliation of the information used in calculating basic and diluted net income per common share for the three and six months ended June 30, 2021 and 2020. Diluted net income per common share incorporates the potential impact of contingently issuable shares, including awards which require future service as a condition of delivery of the underlying common stock.

	Three Months Ended June 30,				Six Months Ended June 30,
(in thousands, except per share data)	2021		2020		2021		2020
Basic Net Income Per Common Share:
Net income available to common shareholders	$	177,909	$	84,901	$	356,711	$	115,131
Weighted average common shares outstanding	148,113		147,288		148,289		147,300
Net income per common share, basic	$	1.20	$	0.58	$	2.41	$	0.78
Diluted Net Income Per Common Share:
Net income available to common shareholders	$	177,909	$	84,901	$	356,711	$	115,131
Weighted average common shares outstanding	148,113		147,288		148,289		147,300
Effect of dilutive outstanding equity-based awards, warrants, and earnout payments	1,634		445		1,475		767
Weighted average diluted common shares	149,747		147,733		149,764		148,067
Net income per common share, diluted	$	1.19	$	0.57	$	2.38	$	0.78