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Earnings per Share (EPS) (Tables)
6 Months Ended
Jun. 30, 2023
Earnings Per Share [Abstract]  
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 
June 30,
Six Months Ended 
June 30,
(In thousands, except per share amounts)2023202220232022
Net income$172,233 $231,769 $343,060 $505,936 
Basic weighted average shares outstanding106,249 106,921 106,594 107,540 
Dilutive effect of nonvested shares844 362 744 393 
Diluted weighted average shares outstanding107,093 107,283 107,338 107,933 
Basic earnings per share$1.62 $2.17 $3.22 $4.70 
Diluted earnings per share$1.61 $2.16 $3.20 $4.69 
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 Grants2022 Performance-Based Grants2021 Performance-Based Grants2020 Performance-Based Grants
Reporting DatePercent Issuable Relative to TargetAs a Percent of Shares IssuedPercent Issuable Relative to TargetAs a Percent of Shares IssuedPercent Issuable Relative to TargetAs a Percent of Shares IssuedPercent Issuable Relative to Target
and Shares Issued
June 30, 2023200%100%200%100%139%69.5%
June 30, 2022177%89%100%50%100%