Net Income Per Common Share (Tables)

9 Months Ended

Sep. 30, 2021

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 and nine months ended September 30, 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 September 30,				Nine Months Ended September 30,
(in thousands, except per share data)	2021		2020		2021		2020
Basic Net Income Per Common Share:
Net income available to common shareholders	$	178,482	$	83,283	$	535,193	$	198,414
Weighted average common shares outstanding	146,308		147,314		147,622		147,304
Net income per common share, basic	$	1.22	$	0.57	$	3.63	$	1.35
Diluted Net Income Per Common Share:
Net income available to common shareholders	$	178,482	$	83,283	$	535,193	$	198,414
Weighted average common shares outstanding	146,308		147,314		147,622		147,304
Effect of dilutive outstanding equity-based awards, warrants, and earnout payments	1,393		662		1,447		733
Weighted average diluted common shares	147,701		147,976		149,069		148,037
Net income per common share, diluted	$	1.21	$	0.56	$	3.59	$	1.34