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Earnings per Share (Tables)
 6 Months Ended
Jun. 30, 2024
Earnings Per Share [Abstract]  
Calculation of earnings (loss) per share
Table 6.1 reconciles the numerators and denominators used to calculate basic and diluted EPS.
Earnings per share
Table
6.1
 Three Months Ended June 30,Six Months Ended June 30,
(In thousands, except per share data)2024202320242023
Basic earnings per share:
Net income$204,228 $191,054 $378,325 $345,601 
Weighted average common shares outstanding - basic265,315 285,906 267,814 288,434 
Basic earnings per share$0.77 $0.67 $1.41 $1.20 
Diluted earnings per share:
Net income$204,228 $191,054 $378,325 $345,601 
Interest expense, net of tax: (1)
9% Debentures— 375 — 750 
Diluted income available to common shareholders$204,228 $191,429 $378,325 $346,351 
Weighted average common shares outstanding - basic265,315 285,906 267,814 288,434 
Effect of dilutive securities:
Unvested RSUs1,557 2,016 2,176 2,047 
9% Debentures— 1,644 — 1,644 
Weighted average common shares outstanding - diluted266,872 289,566 269,990 292,125 
Diluted earnings per share$0.77 $0.66 $1.40 $1.19 
(1) Interest expense has been tax effected at a rate of 21%.