Net Income Per Common Share

12 Months Ended

Dec. 31, 2015

Note 13 - 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, 2015, 2014, and 2013.



	Years Ended December 31,
(in thousands, except per share data)	2015		2014	2013
Net income	$	226,082	195,249	159,383
Dividends and accretion of discount on preferred stock	10,238		10,238	40,830
Net income available to common shareholders	$	215,844	185,011	118,553
Weighted average common shares outstanding, basic	132,423		138,495	127,495
Potentially dilutive shares from assumed exercise of securities or other contracts to purchase common stock	778		659	6,731
Weighted average common shares outstanding, diluted	133,201		139,154	134,226
Net income per common share, basic	$	1.63	1.34	0.93
Net income per common share, diluted	$	1.62	1.33	0.88

For the years ended December 31, 2015, 2014, and 2013, there were 2.8 million, 3.3 million, and 3.8 million potentially dilutive shares, respectively, related to common stock options and Warrants to purchase shares of common stock that were outstanding during 2015, 2014, and 2013, respectively, but were not included in the computation of diluted net income per common share because the effect would have been anti-dilutive.