Three Months Ended

Six Months Ended

June 30,

June 30,

(in thousands, except per share data)

2022

2021

2022

2021

Numerator:

Net income to common shareholders

$

121,435

$

88,718

$

244,913

$

195,890

Net income allocated to participating securities - basic and diluted

1,844

1,894

3,762

4,231

Net income allocated to common shareholders - basic and diluted

$

119,591

$

86,824

$

241,151

$

191,659

Denominator:

Weighted-average common shares - basic

86,067

86,814

$

86,362

$

86,783

Dilutive potential common shares

287

176

292

149

Weighted-average common shares - diluted

86,354

86,990

$

86,654

$

86,932

Earnings per common share:

Basic

$

1.39

$

1.00

$

2.79

$

2.21

Diluted

$

1.38

$

1.00

$

2.78

$

2.20