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EARNINGS PER COMMON SHARE
 3 Months Ended
Mar. 31, 2024
EARNINGS PER COMMON SHARE [Abstract]  
EARNINGS PER COMMON SHARE
NOTE 11 – EARNINGS PER COMMON
.
SHARE
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
The calculations of earnings per common share for the quarters ended March 31, 2024
 
and 2023 are as follows:
Quarter Ended March 31,
2024
2023
(In thousands, except per share information)
Net income attributable to common stockholders
$
73,458
$
70,698
Weighted-Average
 
Shares:
 
Average common
 
shares outstanding
167,142
180,215
 
Average potential
 
dilutive common shares
 
656
1,021
 
Average common
 
shares outstanding - assuming dilution
167,798
181,236
Earnings per common share:
Basic
 
$
0.44
$
0.39
Diluted
 
$
0.44
$
0.39
Earnings
 
per
 
common
 
share
 
is
 
computed
 
by
 
dividing
 
net
 
income
 
attributable
 
to
 
common
 
stockholders
 
by
 
the
 
weighted-average
number
 
of
 
common
 
shares
 
issued
 
and
 
outstanding.
 
Basic
 
weighted-average
 
common
 
shares
 
outstanding
 
exclude
 
unvested shares
 
of
restricted stock that do not contain non-forfeitable dividend rights
 
.
Potential dilutive
 
common
 
shares consist
 
of unvested
 
shares of
 
restricted
 
stock
 
and
 
performance
 
units (if
 
any
 
of the
 
performance
conditions
 
are
 
met
 
as
 
of
 
the
 
end
 
of
 
the
 
reporting
 
period)
 
that
 
do
 
not
 
contain
 
non-forfeitable
 
dividend
 
or
 
dividend
 
equivalent
 
rights
using the
 
treasury stock
 
method. This
 
method assumes
 
that proceeds
 
equal to
 
the amount
 
of compensation
 
cost attributable
 
to future
services
 
is
 
used
 
to
 
repurchase
 
shares
 
on
 
the
 
open
 
market
 
at
 
the
 
average
 
market
 
price
 
for
 
the
 
period.
 
The
 
difference
 
between
 
the
number
 
of
 
potential
 
dilutive
 
shares
 
issued
 
and
 
the
 
shares
 
purchased
 
is
 
added
 
as
 
incremental
 
shares
 
to
 
the
 
actual
 
number
 
of
 
shares
outstanding
 
to
 
compute
 
diluted
 
earnings
 
per
 
share.
 
Unvested
 
shares
 
of
 
restricted
 
stock
 
outstanding
 
during
 
the
 
period
 
that
 
result
 
in
lower potentially
 
dilutive shares issued
 
than shares purchased
 
under the
 
treasury stock method
 
are not included
 
in the computation
 
of
dilutive
 
earnings
 
per
 
share
 
since
 
their
 
inclusion
 
would
 
have an
 
antidilutive
 
effect
 
on
 
earnings
 
per
 
share.
 
There
 
were
no
 
antidilutive
shares of common stock during the quarters ended March 31, 2024 and
 
2023.