XML 42 R32.htm IDEA: XBRL DOCUMENT v3.25.2

Earnings per Share (EPS) (Tables)

6 Months Ended

Jun. 30, 2025

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)						2025						2024						2025						2024
Net income						$	195,339					$	203,609					$	370,772					$	385,328
Basic weighted average shares outstanding						100,037						105,657						101,451						105,677
Dilutive effect of nonvested shares						1,022						1,121						1,044						1,097
Diluted weighted average shares outstanding						101,059						106,778						102,495						106,774
Basic earnings per share						$	1.95					$	1.93					$	3.65					$	3.65
Diluted earnings per share						$	1.93					$	1.91					$	3.62					$	3.61

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

Nonvested performance-based share awards are considered contingently issuable for purposes of the EPS calculation. The 2025, 2024 and 2023 performance-based share awards vest based upon our compounded annual book value per share growth percentage and relative total shareholder return during a three-year performance period. The following table summarizes the performance-based shares issuable if the reporting date was the end of the contingency period:

						2025 Performance-Based Grants												2024 Performance-Based Grants												2023 Performance-Based Grants												2022 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						As a Percent of Shares Issued
June 30, 2025						200%						100%						128%						64%						195%						97.5%						(1)						(1)
June 30, 2024																		190%						95%						200%						100%						200%						100%

(1) The 2022 performance based awards vested at 168% relative to target on March 1, 2025.

X

- Definition

Tabular disclosure of share-based payment arrangement.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-SubTopic 10
-Topic 718
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

+ Details

Name:	us-gaap_DisclosureOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_EarningsPerShareAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- 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

Name:	us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration