Earnings per Share (EPS) (Tables)

6 Months Ended

Jun. 30, 2021

Earnings Per Share [Abstract]

Schedule of reconciliation of net income and weighted average common shares outstanding used in computations of basic and diluted earnings per common share

The following table reconciles the net income and the weighted average common shares outstanding used in the computations of basic and diluted earnings per common share:

	Three Months Ended  June 30,				Six Months Ended  June 30,
(In thousands, except per share amounts)	2021		2020		2021		2020
Net income	$	159,795	$	15,380	$	295,443	$	164,903
Basic weighted average shares outstanding	112,118		102,500		112,067		100,224
Dilutive effect of nonvested shares	336		105		349		242
Diluted weighted average shares outstanding	112,454		102,605		112,416		100,466
Basic earnings per share	$	1.43	$	0.15	$	2.64	$	1.65
Diluted earnings per share	$	1.42	$	0.15	$	2.63	$	1.64

Schedule of percent of shares issuable under terms of agreement

Based on the compounded annual book value per share growth as of June 30, 2020, the following percentages of the performance-based share awards would have been issuable under the terms of the arrangements if June 30, 2020 was the end of the contingency period:

2018 Performance-Based Grants	100	%
2019 Performance-Based Grants	100	%
2020 Performance-Based Grants	—	%