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Earnings per Share (EPS) (Tables)
6 Months Ended
Jun. 30, 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 
June 30,
Six Months Ended 
June 30,
(In thousands, except per share amounts)2024202320242023
Net income
$203,609 $172,233 $385,328 $343,060 
Basic weighted average shares outstanding105,657 106,249 105,677 106,594 
Dilutive effect of nonvested shares
1,121 844 1,097 744 
Diluted weighted average shares outstanding106,778 107,093 106,774 107,338 
Basic earnings per share
$1.93 $1.62 $3.65 $3.22 
Diluted earnings per share
$1.91 $1.61 $3.61 $3.20 
Schedule of 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
June 30, 2024
190%95%200%100%200%100%(1)(1)
June 30, 2023
200%100%200%100%139%69.5%
(1) The 2021 performance based awards vested at 133% relative to target on March 1, 2024.