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Earnings Per Share Reconciliation (Tables)
12 Months Ended
Dec. 31, 2024
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.

 

Year Ended December 31,

 

 

2024

 

 

2023

 

 

2022

 

 

(In thousands, except per share amounts)

 

Earnings per common share:

 

 

 

 

 

 

 

 

 

Net earnings

 

$

200,716

 

 

$

221,435

 

 

$

235,425

 

Less: Net earnings allocated to restricted stock

 

 

1,445

 

 

 

1,546

 

 

 

1,508

 

Net earnings allocated to common shareholders

 

$

199,271

 

 

$

219,889

 

 

$

233,917

 

Weighted average shares outstanding

 

 

138,415

 

 

 

138,333

 

 

 

139,652

 

Basic earnings per common share

 

$

1.44

 

 

$

1.59

 

 

$

1.67

 

 

 

 

 

 

 

 

 

 

 

Diluted earnings per common share:

 

 

 

 

 

 

 

 

 

Net income allocated to common shareholders

 

$

199,271

 

 

$

219,889

 

 

$

233,917

 

Weighted average shares outstanding

 

 

138,415

 

 

 

138,333

 

 

 

139,652

 

Incremental shares from assumed exercise of outstanding options

 

 

164

 

 

 

129

 

 

 

360

 

Diluted weighted average shares outstanding

 

 

138,579

 

 

 

138,462

 

 

 

140,012

 

Diluted earnings per common share

 

$

1.44

 

 

$

1.59

 

 

$

1.67