XML 38 R21.htm IDEA: XBRL DOCUMENT v3.20.4
Net Income Per Common Share
 12 Months Ended
Dec. 31, 2020
Earnings Per Share [Abstract]  
Net Income Per Common Share Note 13 - 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 years ended December 31, 2020, 2019, and 2018. 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.
Years Ended December 31,
(in thousands, except per share data)202020192018
Net income$373,695 $563,780 $428,476 
Preferred stock dividends33,163 22,881 17,998 
Net income available to common shareholders$340,532 $540,899 $410,478 
Weighted average common shares outstanding147,415 154,331 117,644 
Potentially dilutive shares from outstanding equity-based awards, warrants, and earnout payments795 1,727 734 
Weighted average diluted common shares148,210 156,058 118,378 
Net income per common share, basic$2.31 $3.50 $3.49 
Net income per common share, diluted$2.30 $3.47 $3.47 
As of December 31, 2020, 2019, and 2018, there were 515 thousand, 40 thousand, and zero, respectively, potentially dilutive shares related to stock options to purchase shares of common stock that were outstanding but were not included in the computation of diluted net income per common share because the effect would have been anti-dilutive.