Note 12 - Net Income Per Common Share

The following table displays a reconciliation of the information used in calculating basic and diluted net income per common share for the years ended December 31, 2018, 2017, and 2016.



	Years Ended December 31,
(in thousands, except per share data)	2018		2017		2016
Net income	$	428,476	$	275,474	$	246,784
Preferred stock dividends and redemption charge	17,998		10,238		10,238
Net income available to common shareholders	$	410,478	$	265,236	$	236,546
Weighted average common shares outstanding	117,644		121,162		124,389
Potentially dilutive shares from outstanding equity-based awards and Earnout Payments	734		850		689
Weighted average diluted common shares	118,378		122,012		125,078
Net income per common share, basic	$	3.49	$	2.19	$	1.90
Net income per common share, diluted	$	3.47	$	2.17	$	1.89

For the years ended December 31, 2018, 2017, and 2016, there were 1.7 million, 2.2 million, and 2.2 million potentially dilutive shares, respectively, related to Warrant and stock options to purchase shares of common stock that were outstanding during 2018, 2017, and 2016, respectively, but were not included in the computation of diluted net income per common share because the effect would have been anti-dilutive. The outstanding warrants, issued to Treasury by Synovus to purchase up to 2.2 million shares of Synovus common stock at a per share exercise price of $65.52, expired on December 19, 2018.