XML 35 R20.htm IDEA: XBRL DOCUMENT v3.22.4
Net Income Per Common Share
12 Months Ended
Dec. 31, 2022
Earnings Per Share [Abstract]  
Net Income Per Common Share Note 11 - 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 years ended December 31, 2022, 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.
Years Ended December 31,
(in thousands, except per share data)202220212020
Net income$757,902 $760,467 $373,695 
Less: Preferred stock dividends33,163 33,163 33,163 
Net income available to common shareholders$724,739 $727,304 $340,532 
Weighted average common shares outstanding145,364 147,041 147,415 
Effect of dilutive outstanding equity-based awards, warrants, and earnout payments1,117 1,454 795 
Weighted average diluted common shares146,481 148,495 148,210 
Net income per common share, basic$4.99 $4.95 $2.31 
Net income per common share, diluted$4.95 $4.90 $2.30 
For both the years ended December 31, 2022, and 2021, there was 21 thousand of potentially dilutive shares related to stock options to purchase shares of common stock that were outstanding but were not included in the computation of diluted net income per common share because the effect would have been anti-dilutive. For the year ended December 31, 2020, there was 602 thousand of potentially dilutive shares related to stock options to purchase shares of common stock that were outstanding but were not included in the computation of diluted net income per common share because the effect would have been anti-dilutive.