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Net Income Per Common Share
6 Months Ended
Jun. 30, 2022
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 and six months ended June 30, 2022 and 2021. 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 June 30,Six Months Ended June 30,
(in thousands, except per share data)2022202120222021
Basic Net Income Per Common Share:
Net income available to common shareholders$169,761 $177,909 $332,507 $356,711 
Weighted average common shares outstanding145,328 148,113 145,301 148,289 
Net income per common share, basic$1.17 $1.20 $2.29 $2.41 
Diluted Net Income Per Common Share:
Net income available to common shareholders$169,761 $177,909 $332,507 $356,711 
Weighted average common shares outstanding145,328 148,113 145,301 148,289 
Effect of dilutive outstanding equity-based awards and earnout payments 987 1,634 1,188 1,475 
Weighted average diluted common shares146,315 149,747 146,489 149,764 
Net income per common share, diluted$1.16 $1.19 $2.27 $2.38 
For the three months ended June 30, 2022, there were 21 thousand potentially dilutive shares, and for the three months ended June 30, 2021, there were no potentially dilutive shares related to stock options to purchase shares of common stock that were outstanding. For the six months ended June 30, 2022 and 2021, there were 11 thousand and 21 thousand, respectively, potentially dilutive shares related to stock options to purchase shares of common stock that were outstanding. These potentially dilutive shares were not included in the computation of diluted net income per common share because the effect would be anti-dilutive.