Summary of Significant Accounting Policies (Tables)

9 Months Ended

Sep. 30, 2020

Cash Flow Information — Supplemental cash flow information addressing certain cash and noncash transactions for the nine months ended September 30, 2020 and 2019 was as follows (in thousands):


	For the nine months ended September 30,
	2020		2019
Cash Transactions:
Interest paid	$	179,163	$	216,261
Income taxes paid, net	89,858		61,238
Operating lease payments	10,077		10,193
Noncash Transactions:
Loans charged-off to the allowance for credit losses	35,724		21,328
Loans foreclosed upon and transferred to other real estate owned	3,435		16,870
Loans foreclosed upon and transferred to other assets	25		93

Fixed assets transferred to other real estate owned	—		5,126
Available-for-sale securities transferred to held-to-maturity portfolio	873,613		—



Right-of-use asset recognized during the period in exchange for lease obligations (1)	5,269		82,856

(1) Includes $79.9 million recognized upon initial adoption of ASU 2016-02 on January 1, 2019.

Basic and Diluted Earnings Per Share Calculations

The following is a summary of the basic and diluted net income per common share calculations for the three and nine months ended September 30, 2020 and 2019 (in thousands, except per share data):


	Three months ended September 30,				Nine months ended September 30,
	2020		2019		2020		2019
Basic net income per common share calculation:
Numerator - Net income available to common shareholders	$	106,847	$	110,521	$	197,647	$	304,802

Denominator - Weighted average common shares outstanding	75,241		76,301		75,418		76,481
Basic net income per common share	$	1.42	$	1.45	$	2.62	$	3.99
Diluted net income per common share calculation:
Numerator – Net income available to common shareholders	$	106,847	$	110,521	$	197,647	$	304,802

Denominator - Weighted average common shares outstanding	75,241		76,301		75,418		76,481
Dilutive common shares contingently issuable	119		255		127		280
Weighted average diluted common shares outstanding	75,360		76,556		75,545		76,761
Diluted net income per common share	$	1.42	$	1.44	$	2.62	$	3.97