Net Income Per Common Share (Tables)

9 Months Ended

Sep. 30, 2023

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 nine months ended September 30, 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 September 30,				Nine Months Ended September 30,
(in thousands, except per share data)	2023		2022		2023		2022
Basic Net Income Per Common Share:
Net income available to common shareholders	$	87,423	$	194,753	$	447,110	$	527,260
Weighted average common shares outstanding	146,170		145,386		146,028		145,329
Net income per common share, basic	$	0.60	$	1.34	$	3.06	$	3.63
Diluted Net Income Per Common Share:
Net income available to common shareholders	$	87,423	$	194,753	$	447,110	$	527,260
Weighted average common shares outstanding	146,170		145,386		146,028		145,329
Effect of dilutive outstanding equity-based awards	570		1,032		655		1,136
Weighted average diluted common shares	146,740		146,418		146,683		146,465
Net income per common share, diluted	$	0.60	$	1.33	$	3.05	$	3.60