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Earnings Per Share Reconciliation (Tables)
 3 Months Ended
Mar. 31, 2022
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
March 31,

 

 

 

2022

 

 

2021

 

 

 

(In thousands, except per share amounts)

 

Earnings per common share:

 

 

 

 

 

 

Net earnings

 

$

45,560

 

 

$

63,893

 

Less: Net earnings allocated to restricted stock

 

 

253

 

 

 

309

 

Net earnings allocated to common shareholders

 

$

45,307

 

 

$

63,584

 

Weighted average shares outstanding

 

 

144,725

 

 

 

135,175

 

Basic earnings per common share

 

$

0.31

 

 

$

0.47

 

 

 

 

 

 

 

 

Diluted earnings per common share:

 

 

 

 

 

 

Net income allocated to common shareholders

 

$

45,307

 

 

$

63,584

 

Weighted average shares outstanding

 

 

144,725

 

 

 

135,175

 

Incremental shares from assumed exercise of
   outstanding options

 

 

294

 

 

 

253

 

Diluted weighted average shares outstanding

 

 

145,019

 

 

 

135,428

 

Diluted earnings per common share

 

$

0.31

 

 

$

0.47