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Earnings Per Common Share (Tables)
3 Months Ended
Mar. 31, 2022
Earnings Per Share [Abstract]  
Computation of Earnings Per Common Share

A summary of the information used in the computation of earnings per common share follows.

 

 

 

Three Months Ended

 

 

 

 

March 31,

 

 

(in thousands, except per share data)

 

2022

 

 

2021

 

 

Numerator:

 

 

 

 

 

 

 

Net income to common shareholders

 

$

123,478

 

 

$

107,172

 

 

Net income allocated to participating securities - basic and diluted

 

 

1,918

 

 

 

2,337

 

 

Net income allocated to common shareholders - basic and diluted

 

$

121,560

 

 

$

104,835

 

 

Denominator:

 

 

 

 

 

 

 

Weighted-average common shares - basic

 

 

86,660

 

 

 

86,752

 

 

Dilutive potential common shares

 

 

276

 

 

 

53

 

 

Weighted-average common shares - diluted

 

 

86,936

 

 

 

86,805

 

 

Earnings per common share:

 

 

 

 

 

 

 

Basic

 

$

1.40

 

 

$

1.21

 

 

Diluted

 

$

1.40

 

 

$

1.21