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Earnings Per Share ("EPS") | 3 Months Ended
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Mar. 31, 2023
Earnings Per Share [Abstract] |
Earnings Per Share ("EPS") | EARNINGS PER SHARE (“EPS”) Basic EPS is computed by dividing reported net income available to common stockholders by the weighted average number of common shares outstanding during each period. Diluted EPS is computed by dividing reported net income available to common stockholders by the weighted average common shares and all potential dilutive common shares outstanding during the period. The computation of earnings per share is as follows:
| Three Months Ended March 31, |  |
(In thousands, except per share data) | 2023 |  | 2022 |  |  |  |
Net income available to common stockholders | $ | 45,589 |  |  | $ | 65,095 |  |  |  |  |
Average common shares outstanding | 127,186 |  |  | 112,439 |  |  |  |  |
Average potential dilutive common shares | 330 |  |  | 588 |  |  |  |  |
Average diluted common shares | 127,516 |  |  | 113,027 |  |  |  |  |
Basic earnings per share | $ | 0.36 |  |  | $ | 0.58 |  |  |  |  |
Diluted earnings per share | $ | 0.36 |  |  | $ | 0.58 |  |  |  |  |
There were 422,180 stock options excluded from the three months ended March 31, 2023 earnings per share calculation due to the related stock option exercise price exceeding the average market price of the Company’s stock during the period. There were no stock options excluded from the earnings per share calculation for the three months ended March 31, 2022 due to the average market price of the Company’s stock exceeding the related stock option exercise price.

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