Net Income Per Common Share (Tables)

6 Months Ended

Jun. 30, 2023

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, 2023 and 2022. 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)	2023		2022		2023		2022
Basic Net Income Per Common Share:
Net income available to common shareholders	$	165,819	$	169,761	$	359,688	$	332,507
Weighted average common shares outstanding	146,113		145,328		145,957		145,301
Net income per common share, basic	$	1.13	$	1.17	$	2.46	$	2.29
Diluted Net Income Per Common Share:
Net income available to common shareholders	$	165,819	$	169,761	$	359,688	$	332,507
Weighted average common shares outstanding	146,113		145,328		145,957		145,301
Effect of dilutive outstanding equity-based awards	437		987		687		1,188
Weighted average diluted common shares	146,550		146,315		146,644		146,489
Net income per common share, diluted	$	1.13	$	1.16	$	2.45	$	2.27