XML 26 R16.htm IDEA: XBRL DOCUMENT
v3.22.2.2

Basis of Presentation (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2022
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,
2022 |  | 2021 |  | 2022 |  | 2021
Write-offs of deposits and pre-acquisition costs | $ | (24,462) |  |  | $ | (3,567) |  |  | $ | (32,475) |  |  | $ | (6,801) |
Amortization of intangible assets | (2,766) |  |  | (3,612) |  |  | (8,353) |  |  | (13,571) |
Interest income | 370 |  |  | 436 |  |  | 1,048 |  |  | 1,541 |
Interest expense | (65) |  |  | (115) |  |  | (216) |  |  | (387) |
Equity in earnings of unconsolidated entities | 446 |  |  | 604 |  |  | 2,390 |  |  | 5,620 |
Miscellaneous, net | 1,283 |  |  | 1,504 |  |  | 6,776 |  |  | 5,587 |
Total other expense, net | $ | (25,194) |  |  | $ | (4,750) |  |  | $ | (30,830) |  |  | $ | (8,011) |
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,
2022 |  | 2021 |  | 2022 |  | 2021
Numerator: |  |  |  |  |  |  |
Net income | $ | 627,928 |  |  | $ | 475,549 |  |  | $ | 1,735,086 |  |  | $ | 1,283,055 |
Less: earnings distributed to participating securities | (202) |  |  | (296) |  |  | (635) |  |  | (887) |
Less: undistributed earnings allocated to participating securities | (3,534) |  |  | (3,546) |  |  | (10,288) |  |  | (9,559) |
Numerator for basic earnings per share | $ | 624,192 |  |  | $ | 471,707 |  |  | $ | 1,724,163 |  |  | $ | 1,272,609 |
Add back: undistributed earnings allocated to participating securities | 3,534 |  |  | 3,546 |  |  | 10,288 |  |  | 9,559 |
Less: undistributed earnings reallocated to participating securities | (3,508) |  |  | (3,536) |  |  | (10,218) |  |  | (9,535) |
Numerator for diluted earnings per share | $ | 624,218 |  |  | $ | 471,717 |  |  | $ | 1,724,233 |  |  | $ | 1,272,633 |
Denominator: |  |  |  |  |  |  |
Basic shares outstanding | 230,967 |  |  | 258,147 |  |  | 237,639 |  |  | 261,854 |
Effect of dilutive securities | 1,333 |  |  | 752 |  |  | 1,240 |  |  | 668 |
Diluted shares outstanding | 232,300 |  |  | 258,899 |  |  | 238,879 |  |  | 262,522 |
Earnings per share: |  |  |  |  |  |  |
Basic | $ | 2.70 |  |  | $ | 1.83 |  |  | $ | 7.26 |  |  | $ | 4.86 |
Diluted | $ | 2.69 |  |  | $ | 1.82 |  |  | $ | 7.22 |  |  | $ | 4.85 |
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, 2022 |  | December 31, 2021
| Other Assets |  | Accrued and Other Liabilities |  | Other Assets |  | Accrued and Other Liabilities
Interest rate lock commitments | $ | 3,183 |  |  | $ | 23,457 |  |  | $ | 8,582 |  |  | $ | 33 |
Forward contracts | 66,620 |  |  | 163 |  |  | 757 |  |  | 1,336 |
Whole loan commitments | 1,300 |  |  | 35 |  |  | 384 |  |  | 4 |
| $ | 71,103 |  |  | $ | 23,655 |  |  | $ | 9,723 |  |  | $ | 1,373 |

X
- References No definition available. + Details
Name: | us-gaap_AccountingPoliciesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5624163-113959 + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the effect of income (loss) on an entity's diluted earnings per share. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=126958026&loc=d3e1278-109256 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 55 -Paragraph 52 -URI https://asc.fasb.org/extlink&oid=128363288&loc=d3e4984-109258 + Details
Name: | us-gaap_ScheduleOfEarningsPerShareDilutedByCommonClassTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of non-operating income or non-operating expense that may include amounts earned from dividends, interest on securities, gains (losses) on securities sold, equity earnings of unconsolidated affiliates, net gain (loss) on sales of business, interest expense and other miscellaneous income or expense items. + References No definition available. + Details
Name: | us-gaap_ScheduleOfOtherNonoperatingIncomeExpenseTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration