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

 

 

Nine months ended
September 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

 

 

(In thousands, except per share amounts)

 

Earnings per common share:

 

 

 

 

 

 

 

 

 

 

 

 

Net earnings

 

$

64,639

 

 

$

49,753

 

 

$

169,257

 

 

$

164,825

 

Less: Net earnings allocated to restricted stock

 

 

434

 

 

 

227

 

 

 

1,080

 

 

 

773

 

Net earnings allocated to common shareholders

 

$

64,205

 

 

$

49,526

 

 

$

168,177

 

 

$

164,052

 

Weighted average shares outstanding

 

 

138,888

 

 

 

135,200

 

 

 

139,923

 

 

 

135,226

 

Basic earnings per common share

 

$

0.46

 

 

$

0.37

 

 

$

1.20

 

 

$

1.21

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted earnings per common share:

 

 

 

 

 

 

 

 

 

 

 

 

Net income allocated to common shareholders

 

$

64,205

 

 

$

49,526

 

 

$

168,177

 

 

$

164,052

 

Weighted average shares outstanding

 

 

138,888

 

 

 

135,200

 

 

 

139,923

 

 

 

135,226

 

Incremental shares from assumed exercise of
   outstanding options

 

 

459

 

 

 

184

 

 

 

300

 

 

 

215

 

Diluted weighted average shares outstanding

 

 

139,347

 

 

 

135,384

 

 

 

140,223

 

 

 

135,441

 

Diluted earnings per common share

 

$

0.46

 

 

$

0.37

 

 

$

1.20

 

 

$

1.21