The following table presents a reconciliation of net income available to common shareholders, net earnings allocated to common stock and the number of shares used in the calculation of basic and diluted earnings per common share.


	2022		2021		2020
Net Income	$	579,150	$	443,079	$	331,151
Less: Preferred stock dividends	6,675		7,157		2,016
Redemption of preferred stock	—		—		5,514
Net income available to common shareholders	572,475		435,922		323,621
Less: Earnings allocated to participating securities	5,210		3,881		3,136
Net earnings allocated to common stock	$	567,265	$	432,041	$	320,485

Distributed earnings allocated to common stock	$	207,924	$	187,202	$	178,863
Undistributed earnings allocated to common stock	359,341		244,839		141,622
Net earnings allocated to common stock	$	567,265	$	432,041	$	320,485

Weighted-average shares outstanding for basic earnings per common share	64,156,870		63,612,658		62,727,053
Dilutive effect of stock compensation	363,648		489,462		276,784
Weighted-average shares outstanding for diluted earnings per common share	64,520,518		64,102,120		63,003,837