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Earnings Per Share Reconciliation (Tables)
 6 Months Ended
Jun. 30, 2021
Earnings Per Share [Abstract]  
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
June 30,

 

 

Six Months Ended
June 30,

 

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

 

 

(In thousands, except per share amounts)

 

Earnings per common share:

 

 

 

 

 

 

 

 

 

 

 

 

Net earnings

 

$

51,179

 

 

$

41,631

 

 

$

115,072

 

 

$

79,611

 

Less: Net earnings allocated to restricted stock

 

 

239

 

 

 

158

 

 

 

547

 

 

 

237

 

Net earnings allocated to common shareholders

 

$

50,940

 

 

$

41,473

 

 

$

114,525

 

 

$

79,374

 

Weighted average shares outstanding

 

 

135,286

 

 

 

134,998

 

 

 

135,235

 

 

 

137,052

 

Basic earnings per common share

 

$

0.38

 

 

$

0.31

 

 

$

0.85

 

 

$

0.58

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted earnings per common share:

 

 

 

 

 

 

 

 

 

 

 

 

Net income allocated to common shareholders

 

$

50,940

 

 

$

41,473

 

 

$

114,525

 

 

$

79,374

 

Weighted average shares outstanding

 

 

135,286

 

 

 

134,998

 

 

 

135,235

 

 

 

137,052

 

Incremental shares from assumed exercise of
   outstanding options

 

 

221

 

 

 

156

 

 

 

235

 

 

 

176

 

Diluted weighted average shares outstanding

 

 

135,507

 

 

 

135,154

 

 

 

135,470

 

 

 

137,228

 

Diluted earnings per common share

 

$

0.38

 

 

$

0.31

 

 

$

0.85

 

 

$

0.58