Net Income Per Common Share

3 Months Ended

Mar. 31, 2023

Note 8 - 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 three months ended March 31, 2023 and 2022. 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 March 31,
(in thousands, except per share data)	2023		2022
Basic Net Income Per Common Share:
Net income available to common shareholders	$	193,868	$	162,746
Weighted average common shares outstanding	145,799		145,273
Net income per common share, basic	$	1.33	$	1.12
Diluted Net Income Per Common Share:
Net income available to common shareholders	$	193,868	$	162,746
Weighted average common shares outstanding	145,799		145,273
Effect of dilutive outstanding equity-based awards and earnout payments	928		1,392
Weighted average diluted common shares	146,727		146,665
Net income per common share, diluted	$	1.32	$	1.11

For the three months ended March 31, 2023 and 2022, there were 21 thousand and zero, respectively, potentially dilutive shares related to stock options to purchase shares of common stock that were outstanding. These potentially dilutive shares were not included in the computation of diluted net income per common share because the effect would be anti-dilutive.