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Basis of Presentation (Tables)
 9 Months Ended
Sep. 30, 2016
Accounting Policies [Abstract]  
Schedule of Other Expense (Income), Net
Other expense (income), net consists of the following ($000’s omitted): 
 
Three Months Ended
 
Nine Months Ended
September 30,
 
September 30,
2016
 
2015
 
2016
 
2015
Write-off of deposits and pre-acquisition costs
$
2,541

 
$
522

 
$
12,996

 
$
3,633

Lease exit and related costs (a)
4,644

 
275

 
10,589

 
497

Amortization of intangible assets
3,450

 
3,225

 
10,350

 
9,675

Interest income
(887
)
 
(504
)
 
(2,659
)
 
(2,458
)
Interest expense
165

 
203

 
526

 
598

Equity in earnings of unconsolidated entities
(485
)
 
(2,192
)
 
(4,489
)
 
(4,464
)
Miscellaneous, net (b)
14,189

 
19,804

 
15,089

 
16,157

 
$
23,617

 
$
21,333

 
$
42,402

 
$
23,638



(a)
Lease exit and related costs for the three and nine months ended September 30, 2016, resulted from actions taken to reduce overheads and the substantial completion of our corporate headquarters relocation from Michigan to Georgia, which began in 2013.
(b)
Miscellaneous, net includes a charge of $15.0 million related to the settlement of a disputed land transaction for the three and nine months ended September 30, 2016, and a charge of $20.0 million resulting from the Applecross matter for the three and nine months ended September 30, 2015 (see Note 8).
Schedule of Earnings Per Share
The following table presents the earnings per common share (000's omitted, except per share data):
 
Three Months Ended
 
Nine Months Ended
September 30,
 
September 30,
2016
 
2015
 
2016
 
2015
Numerator:
 
 
 
 
 
 
 
Net income
$
128,470

 
$
107,769

 
$
329,530

 
$
266,062

Less: earnings distributed to participating securities
(269
)
 
(181
)
 
(836
)
 
(554
)
Less: undistributed earnings allocated to participating securities
(870
)
 
(516
)
 
(1,764
)
 
(1,169
)
Numerator for basic earnings per share
$
127,331

 
$
107,072

 
$
326,930

 
$
264,339

Add back: undistributed earnings allocated to participating securities
870

 
516

 
1,764

 
1,169

Less: undistributed earnings reallocated to participating securities
(865
)
 
(512
)
 
(1,751
)
 
(1,158
)
Numerator for diluted earnings per share
$
127,336

 
$
107,076

 
$
326,943

 
$
264,350

 
 
 
 
 
 
 
 
Denominator:
 
 
 
 
 
 
 
Basic shares outstanding
340,171

 
350,147

 
344,383

 
359,236

Effect of dilutive securities
2,250

 
3,225

 
2,557

 
3,273

Diluted shares outstanding
342,421

 
353,372

 
346,940

 
362,509

 
 
 
 
 
 
 
 
Earnings per share:
 
 
 
 
 
 
 
Basic
$
0.37

 
$
0.31

 
$
0.95

 
$
0.74

Diluted
$
0.37

 
$
0.30

 
$
0.94

 
$
0.73
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value
The fair values of derivative instruments and their locations in the Condensed Consolidated Balance Sheets are summarized below ($000’s omitted):
 
 
September 30, 2016
 
December 31, 2015
 
Other Assets
 
Accrued and Other Liabilities
 
Other Assets
 
Accrued and Other Liabilities
Interest rate lock commitments
$
11,140

 
$
262

 
$
5,854

 
$
280

Forward contracts
159

 
2,457

 
1,178

 
840

Whole loan commitments
117

 
713

 
358

 
345

 
$
11,416

 
$
3,432

 
$
7,390

 
$
1,465