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Basis of Presentation (Tables)
 9 Months Ended
Sep. 30, 2017
Accounting Policies [Abstract]  
Schedule of Other Expense (Income), Net
Other expense, net consists of the following ($000’s omitted): 
 
Three Months Ended
 
Nine Months Ended
September 30,
 
September 30,
2017
 
2016
 
2017
 
2016
Write-offs of deposits and pre-acquisition costs (Note 2)
$
2,680

 
$
2,541

 
$
9,397

 
$
12,996

Lease exit and related costs (a)
219

 
4,644

 
624

 
10,589

Amortization of intangible assets
3,450

 
3,450

 
10,350

 
10,350

Interest income
(485
)
 
(887
)
 
(1,917
)
 
(2,659
)
Interest expense
101

 
165

 
371

 
526

Equity in loss (earnings) of unconsolidated entities (b)
(415
)
 
(485
)
 
4,154

 
(4,489
)
Miscellaneous, net (c)
(307
)
 
14,189

 
2,358

 
15,089

Total other expense, net
$
5,243

 
$
23,617

 
$
25,337

 
$
42,402



(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)
Includes an $8.0 million impairment of an investment in an unconsolidated entity in the nine months ended September 30, 2017 (see Note 2).
(c)
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 (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,
2017
 
2016
 
2017
 
2016
Numerator:
 
 
 
 
 
 
 
Net income
$
177,539

 
$
128,470

 
$
369,807

 
$
329,530

Less: earnings distributed to participating securities
(294
)
 
(269
)
 
(899
)
 
(836
)
Less: undistributed earnings allocated to participating securities
(1,645
)
 
(870
)
 
(2,837
)
 
(1,764
)
Numerator for basic earnings per share
$
175,600

 
$
127,331

 
$
366,071

 
$
326,930

Add back: undistributed earnings allocated to participating securities
1,645

 
870

 
2,837

 
1,764

Less: undistributed earnings reallocated to participating securities
(1,636
)
 
(865
)
 
(2,820
)
 
(1,751
)
Numerator for diluted earnings per share
$
175,609

 
$
127,336

 
$
366,088

 
$
326,943

 
 
 
 
 
 
 
 
Denominator:
 
 
 
 
 
 
 
Basic shares outstanding
298,538

 
340,171

 
309,453

 
344,383

Effect of dilutive securities
1,690

 
2,250

 
1,861

 
2,557

Diluted shares outstanding
300,228

 
342,421

 
311,314

 
346,940

 
 
 
 
 
 
 
 
Earnings per share:
 
 
 
 
 
 
 
Basic
$
0.59

 
$
0.37

 
$
1.18

 
$
0.95

Diluted
$
0.58

 
$
0.37

 
$
1.18

 
$
0.94
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, 2017
 
December 31, 2016
 
Other Assets
 
Accrued and Other Liabilities
 
Other Assets
 
Accrued and Other Liabilities
Interest rate lock commitments
$
10,434

 
$
400

 
$
9,194

 
$
501

Forward contracts
1,124

 
607

 
8,085

 
1,004

Whole loan commitments
237

 
826

 
1,135

 
863

 
$
11,795

 
$
1,833

 
$
18,414

 
$
2,368