Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2022

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.