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Equity and Net Income Per Common Share (Tables)

12 Months Ended

Dec. 31, 2023

Equity and Net Income Per Share

Schedule of weighted average shares outstanding

​

​	​	​	​	​	​	​	​	​	​	​
​	​	Year Ended December 31,								​
(in thousands)		2021		​	2022		​	2023		​
Basic weighted average number of common shares outstanding	​	​	477,270	​	​	478,232	​	​	479,378	​
Add: Dilutive effect of RSUs	​	​	1,201	​	​	1,050	​	​	1,668	​
Add: Dilutive effect of PSUs	​	​	232	​	​	91	​	​	528	​
Add: Dilutive effect of Series A Preferred Stock	​	​	1,033	​	​	927	​	​	798	​
Diluted weighted average number of common shares outstanding	​	​	479,736	​	​	480,300	​	​	482,372	​
​	​	​	​	​	​	​	​	​	​	​
Weighted average number of outstanding equity awards excluded from calculation of net income per common share—diluted (1):	​	​	​	​	​	​	​	​	​	​
RSUs	​	​	258	​	​	—	​	​	—	​

(1) The potential dilutive effects of these awards were excluded from the computation of net income per common share-diluted because the inclusion of these awards would have been anti-dilutive.

Schedule of net income per share

​

​	​	​	​	​	​	​	​	​	​	​
​	​	Year Ended December 31,								​
(in thousands, except per share amounts)		2021		​	2022		​	2023		​
Net income	​	$	331,617	​	​	326,242	​	​	371,786	​
Less preferred stock dividends	​	​	(550)	​	​	(550)	​	​	(550)	​
Net income available to common shareholders	​	$	331,067	​	​	325,692	​	​	371,236	​
​	​	​	​	​	​	​	​	​	​	​
Net income per common share–basic	​	$	0.69	​	​	0.68	​	​	0.77	​
Net income per common share–diluted	​	$	0.69	​	​	0.68	​	​	0.77	​
​	​	​	​	​	​	​	​	​	​	​
Weighted average common shares outstanding–basic	​	​	477,270	​	​	478,232	​	​	479,378	​
Weighted average common shares outstanding–diluted	​	​	479,736	​	​	480,300	​	​	482,372	​

​

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- Definition

N/A

+ References

No definition available.

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- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482662/260-10-50-1

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- Definition

Tabular disclosure of the weighted average number of shares used in calculating basic net earnings per share (or unit) and diluted earnings per share (or unit).

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482662/260-10-50-1

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