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Net Income Per Common Share
3 Months Ended
Mar. 31, 2021
Earnings Per Share [Abstract]  
Net Income Per Common Share
Note 8 - 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 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 
As of March 31, 2021 and 2020, there were 32 thousand and 557 thousand, respectively, potentially dilutive shares related to stock options to purchase shares of common stock that were outstanding during these quarters. Potentially dilutive shares are not included in the computation of diluted net income per common share because the effect would be anti-dilutive.