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Basis of Presentation (Tables)
9 Months Ended
Sep. 30, 2020
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,
2020
 
2019
 
2020
 
2019
Write-offs of deposits and pre-acquisition costs
$
(1,692
)
 
$
(2,455
)
 
$
(8,335
)
 
$
(7,888
)
Amortization of intangible assets
(5,041
)
 
(3,600
)
 
(14,643
)
 
(10,600
)
Loss on debt retirement

 

 

 
(4,843
)
Interest income
891

 
3,554

 
6,024

 
12,974

Interest expense
(225
)
 
(147
)
 
(4,022
)
 
(437
)
Equity in earnings of unconsolidated entities
336

 
211

 
1,238

 
377

Miscellaneous, net
1,248

 
(2,671
)
 
7,446

 
836

Total other expense, net
$
(4,483
)
 
$
(5,108
)
 
$
(12,292
)
 
$
(9,581
)


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,
2020
 
2019
 
2020
 
2019
Numerator:
 
 
 
 
 
 
 
Net income
$
416,398

 
$
273,104

 
$
968,728

 
$
680,902

Less: earnings distributed to participating securities
(264
)
 
(298
)
 
(799
)
 
(911
)
Less: undistributed earnings allocated to participating securities
(3,123
)
 
(2,411
)
 
(7,778
)
 
(6,075
)
Numerator for basic earnings per share
$
413,011

 
$
270,395

 
$
960,151

 
$
673,916

Add back: undistributed earnings allocated to participating securities
3,123

 
2,411

 
7,778

 
6,075

Less: undistributed earnings reallocated to participating securities
(3,116
)
 
(2,405
)
 
(7,754
)
 
(6,057
)
Numerator for diluted earnings per share
$
413,018

 
$
270,401

 
$
960,175

 
$
673,934

 
 
 
 
 
 
 
 
Denominator:
 
 
 
 
 
 
 
Basic shares outstanding
268,363

 
272,992

 
268,892

 
275,734

Effect of dilutive securities
598

 
640

 
839

 
858

Diluted shares outstanding
268,961

 
273,632

 
269,731

 
276,592

 
 
 
 
 
 
 
 
Earnings per share:
 
 
 
 
 
 
 
Basic
$
1.54

 
$
0.99

 
$
3.57

 
$
2.44

Diluted
$
1.54

 
$
0.99

 
$
3.56

 
$
2.44


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, 2020
 
December 31, 2019
 
Other Assets
 
Accrued and Other Liabilities
 
Other Assets
 
Accrued and Other Liabilities
Interest rate lock commitments
$
23,064

 
$
2,336

 
$
8,351

 
$
149

Forward contracts
372

 
2,260

 
299

 
1,372

Whole loan commitments
295

 
481

 
880

 
284

 
$
23,731

 
$
5,077

 
$
9,530

 
$
1,805