XML 30 R19.htm IDEA: XBRL DOCUMENT
v3.22.1

Earnings Per Share | 3 Months Ended
--- | ---
Mar. 31, 2021
Earnings Per Share [Abstract] |
Earnings per Share | Earnings per Share (EPS) During the first quarter of 2022, we repurchased and subsequently retired 3,035,830 shares of our common stock for $30.0 million under our common stock repurchase program. We did not repurchase any shares of our common stock under this program during the first quarter of 2021. The following table presents a reconciliation of the numerator and denominator of basic and diluted EPS for the three months ended March 31, 2022 and 2021:
|  |  | For the Three Months Ended March 31, |  |  |  |
|  |  |  |  | 2022 |  | 2021 |  |  |  |
|  |  |  |  | (Dollars in thousands, except per share amounts) |  |  |  |
Numerator for basic and diluted EPS: |  |  |  |  |  |  |  |  |  |  |
Net income |  |  |  |  | $ | 124,183 |  |  | $ | 98,799 |  |  |  |  |
Denominator: |  |  |  |  |  |  |  |  |  |  |
Weighted average common shares outstanding for basic calculation |  |  |  |  | 262,592,029 |  |  | 267,318,860 |  |  |  |  |
Add: Effect of equity awards |  |  |  |  | 65,770 |  |  | 146,459 |  |  |  |  |
Weighted average common shares outstanding for diluted calculation |  |  |  |  | 262,657,799 |  |  | 267,465,319 |  |  |  |  |
Basic EPS |  |  |  |  | $ | 0.47 |  |  | $ | 0.37 |  |  |  |  |
Diluted EPS |  |  |  |  | $ | 0.47 |  |  | $ | 0.37 |  |  |  |  |
Basic EPS is calculated by dividing net income by the weighted average number of common shares outstanding, which included 172,010 and 110,647 shares of participating securities in the three months ended March 31, 2022 and 2021 respectively. Diluted EPS is calculated by dividing net income by the sum of the weighted average number of common shares outstanding plus the additional common shares that would have been outstanding if potentially dilutive securities had been issued. The weighted average common shares outstanding for the diluted EPS calculation excludes consideration of 1,479,638 and 1,106,823 equivalent shares for the three months ended March 31, 2022 and 2021, respectively, as their effect would have been anti-dilutive.

X
- References No definition available. + Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=109243012&loc=SL65017193-207537 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=124432515&loc=d3e3630-109257 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration