Earnings per Share (EPS) (Tables)

3 Months Ended

Mar. 31, 2023

Schedule of Reconciliation of Net Income and Weighted Average Common Shares Outstanding used in Computations of Basic and Diluted Earnings per Common Share

The following table reconciles the net income and the weighted average common shares outstanding used in the computations of basic and diluted earnings per common share:


	Three Months Ended March 31,
(In thousands, except per share amounts)		2023		2022
Net income		$	170,827	$	274,167

Basic weighted average shares outstanding		106,943		108,166
Dilutive effect of nonvested shares		642		424
Diluted weighted average shares outstanding		107,585		108,590

Basic earnings per share		$	1.60	$	2.53
Diluted earnings per share		$	1.59	$	2.52

Disclosure of Share-based Compensation Arrangements by Share-based Payment Award

The following table summarizes the performance-based shares issuable if the reporting date was the end of the contingency period.


	2023 Performance-Based Grants		2022 Performance-Based Grants		2021 Performance-Based Grants		2020 Performance-Based Grants
Reporting Date	Percent Issuable Relative to Target	As a Percent of Shares Issued	Percent Issuable Relative to Target	As a Percent of Shares Issued	Percent Issuable Relative to Target	As a Percent of Shares Issued	Percent Issuable Relative to Target and Shares Issued
March 31, 2023	200%	100%	170%	85%	100%	50%
March 31, 2022			122%	61%	100%	50%	100%