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Earnings Per Share Reconciliation (Tables)
 9 Months Ended
Sep. 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
September 30,

 

 

Nine Months Ended
September 30,

 

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

 

 

(In thousands, except per share amounts)

 

Earnings per common share:

 

 

 

 

 

 

 

 

 

 

 

 

Net earnings

 

$

49,753

 

 

$

47,492

 

 

$

164,825

 

 

$

127,103

 

Less: Net earnings allocated to restricted stock

 

 

227

 

 

 

175

 

 

 

773

 

 

 

407

 

Net earnings allocated to common shareholders

 

$

49,526

 

 

$

47,317

 

 

$

164,052

 

 

$

126,696

 

Weighted average shares outstanding

 

 

135,200

 

 

 

135,017

 

 

 

135,226

 

 

 

136,369

 

Basic earnings per common share

 

$

0.37

 

 

$

0.35

 

 

$

1.21

 

 

$

0.93

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted earnings per common share:

 

 

 

 

 

 

 

 

 

 

 

 

Net income allocated to common shareholders

 

$

49,526

 

 

$

47,317

 

 

$

164,052

 

 

$

126,696

 

Weighted average shares outstanding

 

 

135,200

 

 

 

135,017

 

 

 

135,226

 

 

 

136,369

 

Incremental shares from assumed exercise of
   outstanding options

 

 

184

 

 

 

167

 

 

 

215

 

 

 

167

 

Diluted weighted average shares outstanding

 

 

135,384

 

 

 

135,184

 

 

 

135,441

 

 

 

136,536

 

Diluted earnings per common share

 

$

0.37

 

 

$

0.35

 

 

$

1.21

 

 

$

0.93