XML 16 R6.htm IDEA: XBRL DOCUMENT v3.23.3
CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY - USD ($)
$ in Millions
Total
Common Stock
Additional Paid-in Capital
Retained Earnings
Treasury Stock
Accumulated Other Comprehensive Income (Loss)
Balance (in shares) at Dec. 31, 2021   45,052,293     21,914,251  
Balance at Dec. 31, 2021 $ 2,115.5 $ 0.4 $ 1,278.6 $ 1,881.3 $ (1,044.1) $ (0.7)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income 237.7     237.7    
Change in fair value of cash flow swaps, net of reclassification adjustment 31.8         31.8
Unrealized loss on changes in fair value of debt securities, net of reclassification adjustment and $0.2 million tax benefit (2.0)         (2.0)
Comprehensive income 267.5     237.7   29.8
Share-based compensation 7.0   7.0      
Issuance of common stock, net of forfeitures in connection with share-based payment arrangements (in shares)   (115,435)        
Issuance of common stock, net of forfeitures, in connection with share-based payment arrangements 0.0   0.0      
Repurchase of common stock associated with net share settlements of employee share-based awards (in shares)         53,810  
Repurchase of common stock associated with net share settlement of employee share-based awards (8.9)       $ (8.9)  
Share issues (repurchases) (in shares)         1,069,203  
Share repurchases (198.6)   1.4   $ (200.0)  
Retirement of common stock (in shares)   (1,069,203)     (1,069,203)  
Retirement of common stock 0.0   (12.9) (187.1) $ 200.0  
Balance (in shares) at Mar. 31, 2022   44,098,525     21,968,061  
Balance at Mar. 31, 2022 2,182.5 $ 0.4 1,274.1 1,931.9 $ (1,053.0) 29.1
Balance (in shares) at Dec. 31, 2021   45,052,293     21,914,251  
Balance at Dec. 31, 2021 2,115.5 $ 0.4 1,278.6 1,881.3 $ (1,044.1) (0.7)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income 644.1          
Comprehensive income $ 718.7          
Retirement of common stock (in shares) (1,069,203)          
Balance (in shares) at Sep. 30, 2022   44,102,585     21,969,528  
Balance at Sep. 30, 2022 $ 2,642.9 $ 0.4 1,283.4 2,338.2 $ (1,053.3) 74.1
Balance (in shares) at Mar. 31, 2022   44,098,525     21,968,061  
Balance at Mar. 31, 2022 2,182.5 $ 0.4 1,274.1 1,931.9 $ (1,053.0) 29.1
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income 201.4     201.4    
Change in fair value of cash flow swaps, net of reclassification adjustment 21.7         21.7
Change in fair value of cash flow swaps, net of reclassification adjustment and $6.9 million tax expense 0.2         0.2
Comprehensive income 223.3     201.4   21.9
Share-based compensation 4.7   4.7      
Issuance of common stock, net of forfeitures in connection with share-based payment arrangements (in shares)   (1,485)        
Repurchase of common stock associated with net share settlements of employee share-based awards (in shares)         436  
Repurchase of common stock associated with net share settlement of employee share-based awards (0.1)       $ (0.1)  
Balance (in shares) at Jun. 30, 2022   44,100,010     21,968,497  
Balance at Jun. 30, 2022 2,410.4 $ 0.4 1,278.8 2,133.3 $ (1,053.1) 51.0
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income 205.0     205.0    
Change in fair value of cash flow swaps, net of reclassification adjustment 25.3         25.3
Change in fair value of cash flow swaps, net of reclassification adjustment and $6.9 million tax expense (2.5)         (2.5)
Comprehensive income 227.9     205.0   22.9
Share-based compensation 4.7   4.7      
Issuance of common stock, net of forfeitures in connection with share-based payment arrangements (in shares)   (2,575)        
Repurchase of common stock associated with net share settlements of employee share-based awards (in shares)         1,031  
Repurchase of common stock associated with net share settlement of employee share-based awards $ (0.2)       $ (0.2)  
Retirement of common stock (in shares) 0          
Balance (in shares) at Sep. 30, 2022   44,102,585     21,969,528  
Balance at Sep. 30, 2022 $ 2,642.9 $ 0.4 1,283.4 2,338.2 $ (1,053.3) 74.1
Balance (in shares) at Dec. 31, 2022   43,593,809     22,024,479  
Balance at Dec. 31, 2022 2,903.5 $ 0.4 1,281.4 2,610.1 $ (1,063.0) 74.4
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income 181.4     181.4    
Change in fair value of cash flow swaps, net of reclassification adjustment (14.6)         (14.6)
Unrealized loss on changes in fair value of debt securities, net of reclassification adjustment and $0.2 million tax benefit 2.0         2.0
Comprehensive income 168.7     181.4   (12.6)
Share-based compensation 8.6   8.6      
Issuance of common stock, net of forfeitures in connection with share-based payment arrangements (in shares)   (120,575)        
Issuance of common stock, net of forfeitures, in connection with share-based payment arrangements          
Repurchase of common stock associated with net share settlements of employee share-based awards (in shares)         45,613  
Repurchase of common stock associated with net share settlement of employee share-based awards (10.9)       $ (10.9)  
Share issues (repurchases) (in shares)         110,323  
Share repurchases (20.7)       $ (20.7)  
Retirement of common stock (in shares)   (164,527)     (164,527)  
Retirement of common stock 0.0   (2.0) (28.2) $ 30.2  
Balance (in shares) at Mar. 31, 2023   43,549,857     22,015,888  
Balance at Mar. 31, 2023 3,049.2 $ 0.4 1,288.0 2,763.3 $ (1,064.3) 61.8
Balance (in shares) at Dec. 31, 2022   43,593,809     22,024,479  
Balance at Dec. 31, 2022 2,903.5 $ 0.4 1,281.4 2,610.1 $ (1,063.0) 74.4
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income 547.0          
Comprehensive income $ 549.8          
Retirement of common stock (in shares) (1,070,126)          
Balance (in shares) at Sep. 30, 2023   42,594,062     22,017,396  
Balance at Sep. 30, 2023 $ 3,248.5 $ 0.4 1,287.2 2,950.4 $ (1,066.6) 77.2
Balance (in shares) at Mar. 31, 2023   43,549,857     22,015,888  
Balance at Mar. 31, 2023 3,049.2 $ 0.4 1,288.0 2,763.3 $ (1,064.3) 61.8
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income 196.4     196.4    
Change in fair value of cash flow swaps, net of reclassification adjustment 12.8         12.8
Unrealized loss on changes in fair value of debt securities, net of reclassification adjustment and $0.2 million tax benefit (3.2)         (3.2)
Comprehensive income 206.0     196.4   9.6
Share-based compensation 5.5   5.5      
Issuance of common stock, net of forfeitures in connection with share-based payment arrangements (in shares)   (1,043)        
Issuance of common stock, net of forfeitures, in connection with share-based payment arrangements 0.0          
Repurchase of common stock associated with net share settlements of employee share-based awards (in shares)         379  
Repurchase of common stock associated with net share settlement of employee share-based awards (0.1)       $ (0.1)  
Share issues (repurchases) (in shares)         959,803  
Share repurchases (192.1)       $ (192.1)  
Retirement of common stock (in shares)   (959,803)     (959,803)  
Retirement of common stock 0.0   (11.6) (178.5) $ 190.1  
Balance (in shares) at Jun. 30, 2023   42,591,097     22,016,267  
Balance at Jun. 30, 2023 3,068.6 $ 0.4 1,282.0 2,781.1 $ (1,066.4) 71.4
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income 169.2     169.2    
Change in fair value of cash flow swaps, net of reclassification adjustment 8.6         8.6
Unrealized loss on changes in fair value of debt securities, net of reclassification adjustment and $0.2 million tax benefit (2.9)         (2.9)
Comprehensive income 175.0     169.2 $ 0.0 5.7
Share-based compensation 5.2   5.2      
Issuance of common stock, net of forfeitures in connection with share-based payment arrangements (in shares)   (2,965)        
Issuance of common stock, net of forfeitures, in connection with share-based payment arrangements 0.0          
Repurchase of common stock associated with net share settlements of employee share-based awards (in shares)         1,129  
Repurchase of common stock associated with net share settlement of employee share-based awards $ (0.2)       $ (0.2)  
Retirement of common stock (in shares) 0          
Balance (in shares) at Sep. 30, 2023   42,594,062     22,017,396  
Balance at Sep. 30, 2023 $ 3,248.5 $ 0.4 $ 1,287.2 $ 2,950.4 $ (1,066.6) $ 77.2