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Net Income Per Common Share (Tables)
3 Months Ended
Mar. 31, 2021
Earnings Per Share [Abstract]  
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 months ended March 31, 2021 and 2020. 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 March 31,
(in thousands, except per share data)20212020
Basic Net Income Per Common Share:
Net income available to common shareholders$178,802 $30,230 
Weighted average common shares outstanding148,467 147,311 
Net income per common share, basic$1.20 $0.21 
Diluted Net Income Per Common Share:
Net income available to common shareholders$178,802 $30,230 
Weighted average common shares outstanding148,467 147,311 
Effect of dilutive outstanding equity-based awards, warrants, and earnout payments 1,313 1,090 
Weighted average diluted common shares149,780 148,401 
Net income per common share, diluted$1.19 $0.20