Net Income Per Common Share (Tables)

9 Months Ended

Sep. 30, 2020

Schedule of Basic and Diluted Earnings Per Share

The following table displays a reconciliation of the information used in calculating basic and diluted earnings per common share for the three and nine months ended September 30, 2020 and 2019.


	Three Months Ended September 30,				Nine Months Ended September 30,
(in thousands, except per share data)	2020		2019		2020		2019
Basic Net Income Per Common Share:
Net income available to common shareholders	$	83,283	$	127,435	$	198,414	$	397,505
Weighted average common shares outstanding	147,314		152,238		147,304		156,819
Net income per common share, basic	$	0.57	$	0.84	$	1.35	$	2.53
Diluted Net Income Per Common Share:
Net income available to common shareholders	$	83,283	$	127,435	$	198,414	$	397,505
Weighted average common shares outstanding	147,314		152,238		147,304		156,819
Effect of dilutive outstanding equity-based awards, warrants, and earnout payments	662		1,805		733		1,776
Weighted average diluted common shares	147,976		154,043		148,037		158,595
Net income per common share, diluted	$	0.56	$	0.83	$	1.34	$	2.51