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Basis of Presentation (Tables) | 3 Months Ended
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Mar. 31, 2021
Accounting Policies [Abstract] |
Schedule of Other Expense (Income), Net | Other expense, net consists of the following ($000’s omitted):
| Three Months Ended |  |
March 31, |  |
2021 |  | 2020 |  |  |  |
Write-offs of deposits and pre-acquisition costs | $ | (1,368) |  |  | $ | (4,332) |  |  |  |  |
Amortization of intangible assets | (4,992) |  |  | (4,557) |  |  |  |  |
Interest income | 631 |  |  | 3,807 |  |  |  |  |
Interest expense | (135) |  |  | (797) |  |  |  |  |
Equity in earnings of unconsolidated entities | 827 |  |  | 567 |  |  |  |  |
Miscellaneous, net | 2,398 |  |  | 2,788 |  |  |  |  |
Total other expense, net | $ | (2,639) |  |  | $ | (2,524) |  |  |  |  |
Schedule of Earnings Per Share | The following table presents the earnings per common share (000's omitted, except per share data):
| Three Months Ended |  |
March 31, |  |
2021 |  | 2020 |  |  |  |
Numerator: |  |  |  |  |  |  |
Net income | $ | 304,107 |  |  | $ | 203,711 |  |  |  |  |
Less: earnings distributed to participating securities | (298) |  |  | (273) |  |  |  |  |
Less: undistributed earnings allocated to participating securities | (2,154) |  |  | (1,537) |  |  |  |  |
Numerator for basic earnings per share | $ | 301,655 |  |  | $ | 201,901 |  |  |  |  |
Add back: undistributed earnings allocated to participating securities | 2,154 |  |  | 1,537 |  |  |  |  |
Less: undistributed earnings reallocated to participating securities | (2,149) |  |  | (1,530) |  |  |  |  |
Numerator for diluted earnings per share | $ | 301,660 |  |  | $ | 201,908 |  |  |  |  |
Denominator: |  |  |  |  |  |  |
Basic shares outstanding | 265,407 |  |  | 270,000 |  |  |  |  |
Effect of dilutive securities | 605 |  |  | 1,218 |  |  |  |  |
Diluted shares outstanding | 266,012 |  |  | 271,218 |  |  |  |  |
Earnings per share: |  |  |  |  |  |  |
Basic | $ | 1.14 |  |  | $ | 0.75 |  |  |  |  |
Diluted | $ | 1.13 |  |  | $ | 0.74 |  |  |  |  |
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):
| March 31, 2021 |  | December 31, 2020
| Other Assets |  | Accrued and Other Liabilities |  | Other Assets |  | Accrued and Other Liabilities
Interest rate lock commitments | $ | 17,374 |  |  | $ | 126 |  |  | $ | 16,179 |  |  | $ | 18 |
Forward contracts | 14,011 |  |  | 295 |  |  | 501 |  |  | 5,937 |
Whole loan commitments | 1,499 |  |  | 132 |  |  | 168 |  |  | 666 |
| $ | 32,884 |  |  | $ | 553 |  |  | $ | 16,848 |  |  | $ | 6,621 |

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