Earnings (Loss) Per Share

6 Months Ended

Jun. 30, 2022

EARNINGS PER COMMON SHARE

The following table presents the computations of basic and diluted net earnings per common share for the periods indicated:


	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2022		2021		2022		2021
	(Dollars in thousands, except per share data)
Basic Earnings Per Common Share:
Net earnings	$	122,360	$	180,512	$	242,488	$	330,918
Less: Earnings allocated to unvested restricted stock(1)	(2,351)		(3,172)		(4,389)		(5,495)
Net earnings allocated to common shares	$	120,009	$	177,340	$	238,099	$	325,423

Weighted-average basic shares and unvested restricted
stock outstanding	120,022		119,386		119,810		119,121
Less: Weighted-average unvested restricted stock
outstanding	(2,460)		(2,356)		(2,354)		(2,181)
Weighted-average basic shares outstanding	117,562		117,030		117,456		116,940

Basic earnings per common share	$	1.02	$	1.52	$	2.03	$	2.78

Diluted Earnings Per Common Share:
Net earnings allocated to common shares	$	120,009	$	177,340	$	238,099	$	325,423

Weighted-average diluted shares outstanding	117,562		117,030		117,456		116,940

Diluted earnings per common share	$	1.02	$	1.52	$	2.03	$	2.78

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(1) Represents cash dividends paid to holders of unvested restricted stock, net of forfeitures, plus undistributed earnings amounts available to holders of unvested restricted stock, if any.