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Net Income per Common Share (Tables)
12 Months Ended
Dec. 31, 2022
Earnings Per Share [Abstract]  
Net Income Per Common Share
The following table reconciles the numerators and denominators of the basic and diluted net income per common shares computation for the year ended December 31, 2022, 2021, and 2020, respectively (in thousands, except per share amounts):
For the Years Ended December 31,
 202220212020
Numerator for basic and dilutive net income per common share – net income allocable to common shareholders$4,142,288$1,732,444$1,098,335
Denominator for basic net income per share - weighted average common shares outstanding175,257174,858174,494
Net effect of dilutive stock options - based on treasury stock method1,023710148
Denominator for dilutive net income per share - weighted average common shares outstanding176,280175,568174,642
Net income per common share:
Basic$23.64$9.91$6.29
Dilutive$23.50$9.87$6.29