Net Income per Common Share (Tables)

12 Months Ended

Dec. 31, 2021

The following table reconciles the numerators and denominators of the basic and diluted net income per common shares computation for the year ended December 31, 2021, 2020, and 2019 (in thousands, except per share amounts):


	For the Years Ended December 31,
	2021		2020		2019
Numerator for basic and dilutive net income per common share – net income allocable to common shareholders	$	1,732,444	$	1,098,335	$	1,272,767

Denominator for basic net income per share - weighted average common shares outstanding	174,858		174,494		174,287
Net effect of dilutive stock options - based on treasury stock method	710		148		243
Denominator for dilutive net income per share - weighted average common shares outstanding	175,568		174,642		174,530

Net income per common share:
Basic	$	9.91	$	6.29	$	7.30
Dilutive	$	9.87	$	6.29	$	7.29