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Earnings per Share (Tables) | 9 Months Ended
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Sep. 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 September 30, |  | Nine Months Ended September 30,
(In thousands, except per share data) |  | 2024 |  | 2023 |  | 2024 |  | 2023
Basic earnings per share: |  |  |  |  |  |  |  |
Net income |  | $ | 199,969 |  |  | $ | 182,844 |  |  | $ | 578,294 |  |  | $ | 528,445 |
Weighted average common shares outstanding - basic |  | 258,596 |  |  | 281,757 |  |  | 264,719 |  |  | 286,184 |
Basic earnings per share |  | $ | 0.77 |  |  | $ | 0.65 |  |  | $ | 2.18 |  |  | $ | 1.85 |
Diluted earnings per share: |  |  |  |  |  |  |  |
Net income |  | $ | 199,969 |  |  | $ | 182,844 |  |  | $ | 578,294 |  |  | $ | 528,445 |
Interest expense, net of tax: (1) |  |  |  |  |  |  |  |
9% Debentures |  | — |  |  | 276 |  |  | — |  |  | 1,025 |
Diluted income available to common shareholders |  | $ | 199,969 |  |  | $ | 183,120 |  |  | $ | 578,294 |  |  | $ | 529,470 |
Weighted average common shares outstanding - basic |  | 258,596 |  |  | 281,757 |  |  | 264,719 |  |  | 286,184 |
Effect of dilutive securities: |  |  |  |  |  |  |  |
Unvested RSUs |  | 2,237 |  |  | 2,624 |  |  | 2,196 |  |  | 2,239 |
9% Debentures |  | — |  |  | 1,219 |  |  | — |  |  | 1,501 |
Weighted average common shares outstanding - diluted |  | 260,833 |  |  | 285,600 |  |  | 266,915 |  |  | 289,924 |
Diluted earnings per share |  | $ | 0.77 |  |  | $ | 0.64 |  |  | $ | 2.17 |  |  | $ | 1.83 |
(1) Interest expense has been tax effected at a rate of 21%.

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 + Details
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