Net Income Per Common Share

3 Months Ended

Mar. 31, 2024

Note 7 - 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 three months ended March 31, 2024 and 2023. Diluted net income per common share incorporates the potential impact of contingently issuable shares, including awards which require future service as a condition of delivery of the underlying common stock.


	Three Months Ended March 31,
(in thousands, except per share data)	2024		2023
Basic Net Income Per Common Share:
Net income available to common shareholders	$	114,822	$	193,868
Weighted average common shares outstanding	146,430		145,799
Net income per common share, basic	$	0.78	$	1.33
Diluted Net Income Per Common Share:
Net income available to common shareholders	$	114,822	$	193,868
Weighted average common shares outstanding	146,430		145,799
Effect of dilutive outstanding equity-based awards	692		928
Weighted average diluted common shares	147,122		146,727
Net income per common share, diluted	$	0.78	$	1.32

For both the three months ended March 31, 2024 and 2023, there were 21 thousand potentially dilutive shares related to stock options to purchase shares of common stock that were outstanding. These potentially dilutive shares were not included in the computation of diluted net income per common share because the effect would be anti-dilutive.