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Earnings per Share (EPS) (Tables)
3 Months Ended
Mar. 31, 2024
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 
March 31,
(In thousands, except per share amounts)20242023
Net income$181,719 $170,827 
Basic weighted average shares outstanding105,697 106,943 
Dilutive effect of nonvested shares1,073 642 
Diluted weighted average shares outstanding106,770 107,585 
Basic earnings per share$1.72 $1.60 
Diluted earnings per share$1.70 $1.59 
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.
2024 Performance-Based Grants2023 Performance-Based Grants2022 Performance-Based Grants2021 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 TargetAs a Percent of Shares Issued
March 31, 2024179%89.5%200%100%200%100%(1)(1)
March 31, 2023200%100%170%85%100%50%
(1) The 2021 performance based awards vested at 133% relative to target on March 1, 2024.