v3.22.1
Earnings Per Common Share (Tables)
3 Months Ended
Mar. 31, 2022
Earnings Per Share [Abstract]  
Computation of Basic and Diluted EPS

The following table presents the computation of basic and diluted EPS:

 

 

 

Three Months Ended

 

 

 

March 31,

 

 

 

2022

 

 

2021

 

(in thousands, except per share data)

 

 

 

 

 

 

 

 

Net income

 

$

228,423

 

 

$

196,819

 

 

 

 

 

 

 

 

 

 

Basic weighted average common shares outstanding

 

 

81,591

 

 

 

82,640

 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

PSUs, RSUs and PSOs

 

 

695

 

 

 

853

 

Diluted weighted average common shares outstanding

 

 

82,286

 

 

 

83,493

 

 

 

 

 

 

 

 

 

 

Earnings per basic common share

 

$

2.80

 

 

$

2.38

 

 

 

 

 

 

 

 

 

 

Earnings per diluted common share

 

$

2.78

 

 

$

2.36