Net Income Per Common Share (Tables)

6 Months Ended

Jun. 30, 2022

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 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)	2022		2021		2022		2021
Basic Net Income Per Common Share:
Net income available to common shareholders	$	169,761	$	177,909	$	332,507	$	356,711
Weighted average common shares outstanding	145,328		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 outstanding	145,328		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 shares	146,315		149,747		146,489		149,764
Net income per common share, diluted	$	1.16	$	1.19	$	2.27	$	2.38