Three Months Ended

Nine Months Ended

September 30,

September 30,

(in thousands, except per share data)

2022

2021

2022

2021

Numerator:

Net income to common shareholders

$

135,389

$

129,582

$

380,302

$

325,472

Net income allocated to participating securities - basic and diluted

2,014

2,419

5,776

6,650

Net income allocated to common shareholders - basic and diluted

$

133,375

$

127,163

$

374,526

$

318,822

Denominator:

Weighted-average common shares - basic

85,706

86,834

$

86,141

$

86,800

Dilutive potential common shares

314

172

298

151

Weighted-average common shares - diluted

86,020

87,006

$

86,439

$

86,951

Earnings per common share:

Basic

$

1.56

$

1.46

$

4.35

$

3.67

Diluted

$

1.55

$

1.46

$

4.33

$

3.67