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Net Income Per Common Share
 3 Months Ended
Mar. 31, 2024
Earnings Per Share [Abstract]  
Net Income Per Common Share Net Income Per Common Share
(In Thousands, Except Share Data)
Basic net income per common share is calculated by dividing net income by the weighted-average number of common shares outstanding for the period. Diluted net income per common share reflects the pro forma dilution of shares outstanding, assuming outstanding service-based restricted stock awards fully vested, calculated in accordance with the treasury method. Basic and diluted net income per common share calculations are as follows for the periods presented:
 
Three Months Ended
 March 31,
 20242023
Basic
Net income applicable to common stock$39,409 $46,078 
Average common shares outstanding56,208,348 56,008,741 
Net income per common share - basic$0.70 $0.82 
Diluted
Net income applicable to common stock$39,409 $46,078 
Average common shares outstanding56,208,348 56,008,741 
Effect of dilutive stock-based compensation322,730 261,478 
Average common shares outstanding - diluted56,531,078 56,270,219 
Net income per common share - diluted$0.70 $0.82 


Stock-based compensation awards that could potentially dilute basic net income per common share in the future that were not included in the computation of diluted net income per common share due to their anti-dilutive effect were as follows for the periods presented:
Three Months Ended
 March 31,
 20242023
Number of shares78,29668,771