Earnings Per Share Reconciliation (Tables)

9 Months Ended

Sep. 30, 2020

Schedule of Earnings Per Common Share Reconciliation

The table below shows earnings per common share and diluted earnings per common share, and reconciles the numerator and denominator of both earnings per common share calculations.


	Three Months Ended September 30,				Nine Months Ended September 30,
	2020		2019		2020		2019
	(In thousands, except per share amounts)
Earnings per common share:
Net earnings	$	47,492	$	50,423	$	127,103	$	156,546
Less: Net earnings allocated to restricted stock		175		116		407		390

Net earnings allocated to common shareholders	$	47,317	$	50,307	$	126,696	$	156,156

Weighted average shares outstanding		135,017		139,824		136,369		139,730
Basic earnings per common share	$	0.35	$	0.36	$	0.93	$	1.12


Diluted earnings per common share:
Net income allocated to common shareholders	$	47,317	$	50,307	$	126,696	$	156,156

Weighted average shares outstanding		135,017		139,824		136,369		139,730
Incremental shares from assumed exercise of outstanding options		167		151		167		217

Diluted weighted average shares outstanding		135,184		139,975		136,536		139,947
Diluted earnings per common share	$	0.35	$	0.36	$	0.93	$	1.12