Equity and Net Income Per Common Share (Tables)

3 Months Ended

Mar. 31, 2024

Equity and Net Income Per Common Share

Schedule of weighted average shares outstanding

	Three Months Ended March 31,
(in thousands)	2023		2024
Basic weighted average number of common shares outstanding		478,612		479,897
Add: Dilutive effect of RSUs		1,687		2,666
Add: Dilutive effect of PSUs		207		1,029
Add: Dilutive effect of Series A Preferred Stock		953		711
Diluted weighted average number of common shares outstanding		481,459		484,303
Weighted average number of outstanding equity awards excluded from calculation of net income per common share—diluted (1):
RSUs		872		—
PSUs		285		—

(1) The potential dilutive effects of these awards were excluded from the computation of net income per share—diluted because the inclusion of these awards would have been anti-dilutive.

Schedule of net income per share

	Three Months Ended March 31,
(in thousands, except per share amounts)	2023		2024
Net income	$	86,507		103,926
Less preferred stock dividends		(138)		(138)
Net income available to common shareholders	$	86,369		103,788
Net income per common share–basic	$	0.18		0.22
Net income per common share–diluted	$	0.18		0.21
Weighted average common shares outstanding–basic		478,612		479,897
Weighted average common shares outstanding–diluted		481,459		484,303