Earnings Per Share |
Earnings Per Share The following table reconciles basic and diluted earnings per common share for the years ended December 31, 2022, 2021, and 2020. | | | | | | | | | | | | | | | | | | | For the Year Ended | | December 31, 2022 | | December 31, 2021 | | December 31, 2020 | | (In thousands, except per share amounts) | Basic: | | | | | | Net income | $ | 393,913 | | | $ | 902,987 | | | $ | 123,579 | | Weighted-average number of common shares | 353,792 | | | 350,007 | | | 347,463 | | Basic net income per common share | $ | 1.11 | | | $ | 2.58 | | | $ | 0.36 | | | | | | | | Diluted: | | | | | | Net income | $ | 393,913 | | | $ | 902,987 | | | $ | 123,579 | | Weighted-average number of common shares | 353,792 | | | 350,007 | | | 347,463 | | Dilutive share-based awards (a) | 5,820 | | | 7,246 | | | 1,653 | | Weighted-average number of common and potential common shares | 359,612 | | | 357,253 | | | 349,116 | | Diluted net income per common share | $ | 1.10 | | | $ | 2.53 | | | $ | 0.35 | |
(a) Share-based awards totaling 10.6 million, 12.1 million and 21.7 million were excluded from the calculation of diluted net income per common share for the years ended December 31, 2022, 2021, and 2020 respectively, because their effect would be antidilutive.
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