Equity and Earnings Per Common Share (Tables)

6 Months Ended

Jun. 30, 2022

Equity and Earnings Per Common Share

Schedule of weighted average shares outstanding

	Three Months Ended				Six Months Ended
	June 30,				June 30,
(in thousands)	2021		2022		2021		2022
Basic weighted average number of shares outstanding		477,290		478,317		477,071		477,983
Add: Dilutive effect of RSUs		1,063		794		1,109		1,081
Add: Dilutive effect of PSUs		215		54		240		160
Add: Dilutive effect of Series A Preferred Stock		962		1,105		962		1,105
Diluted weighted average number of shares outstanding		479,530		480,270		479,382		480,329
Weighted average number of outstanding equity awards excluded from calculation of diluted earnings per common share (1):
RSUs		341		2,457		310		1,170
PSUs		—		744		—		375

(1) The potential dilutive effects of these awards were excluded from the computation of earnings (loss) per common shares—assuming dilution because the inclusion of these awards would have been anti-dilutive.

Schedule of earnings per common share

	Three Months Ended				Six Months Ended
	June 30,				June 30,
(in thousands, except per share amounts)	2021		2022		2021		2022
Net income	$	80,223		79,395		163,664		159,435
Less preferred stock dividends		(137)		(137)		(275)		(275)
Net income available to common shareholders	$	80,086		79,258		163,389		159,160
Net income per share–basic	$	0.17		0.17		0.34		0.33
Net income per share–diluted	$	0.17		0.17		0.34		0.33
Weighted average common shares outstanding–basic		477,290		478,317		477,071		477,983
Weighted average common shares outstanding–diluted		479,530		480,270		479,382		480,329