XML 30 R19.htm IDEA: XBRL DOCUMENT v3.21.2
Earnings Per Common Share
 6 Months Ended
Jun. 30, 2021
Earnings Per Share [Abstract]  
Earnings Per Common Share Earnings Per Common Share
Earnings per common share is computed using the two-class method as more fully described in our 2020 Form 10-K. The following table presents a reconciliation of net income available to common shareholders, net earnings allocated to common stock and the number of shares used in the calculation of basic and diluted earnings per common share.
Three Months Ended
June 30,		Six Months Ended
June 30,
2021202020212020
Net income$118,068 $93,072 $234,083 $147,825 
Less: Preferred stock dividends1,669 — 3,820 2,016 
Redemption of preferred stock— — — 5,514 
Net income available to common shareholders116,399 93,072 230,263 140,295 
Less: Earnings allocated to participating securities1,141 868 2,307 1,335 
Net earnings allocated to common stock$115,258 $92,204 $227,956 $138,960 
Distributed earnings allocated to common stock$45,824 $44,453 $91,484 $88,965 
Undistributed earnings allocated to common stock69,434 47,751 136,472 49,995 
Net earnings allocated to common stock$115,258 $92,204 $227,956 $138,960 
Weighted-average shares outstanding for basic earnings per common share63,606,340 62,596,171 63,457,245 62,619,427 
Dilutive effect of stock compensation495,819 204,848 511,288 300,667 
Weighted-average shares outstanding for diluted earnings per common share64,102,159 62,801,019 63,968,533 62,920,094