Shareholders' Equity (Tables)

12 Months Ended

Dec. 31, 2021

Equity [Abstract]

Summary of Common Stock Activity

A summary of common share activity is presented in the following chart.

	Common Stock
	Issued	Treasury Stock
2019:
Balance at January 1, 2019	121,218,183	(10,525,147)
Grants of restricted stock	—	8,840
Vesting of performance shares	—	311,399
Issuance of common stock due to exercise of stock options	—	1,810,559
Treasury stock acquired	—	(5,103,591)
Retirement of treasury stock	(4,000,000)	4,000,000
Balance at December 31, 2019	117,218,183	(9,497,940)
2020:
Grants of restricted stock	—	4,548
Vesting of performance shares	—	271,843
Issuance of common stock due to exercise of stock options	—	936,289
Treasury stock acquired	—	(5,135,439)
Retirement of treasury stock	(4,000,000)	4,000,000
Balance at December 31, 2020	113,218,183	(9,420,699)
2021:
Grants of restricted stock	—	10,031
Vesting of performance shares	—	210,155
Issuance of common stock due to exercise of stock options	—	1,191,704
Treasury stock acquired	—	(5,642,036)
Retirement of treasury stock	(4,000,000)	4,000,000
Balance at December 31, 2021	109,218,183	(9,650,845)

Acquisition of Common Shares

See the following summary below:

	Globe Life Share Repurchase Program					Share Repurchase for Dilution Purposes
	Shares Acquired (in thousands)	Total Cost		Average Price		Shares Acquired (in thousands)	Total Cost		Average Price
2021	4,784	$	455,030	$	95.11	858	$	86,405	$	100.75
2020	4,459	380,112		85.24		676	63,754		94.28
2019	3,932	350,080		89.04		1,209	109,489		90.52

Reconciliation of Basic and Diluted Weighted Average Shares Outstanding

A reconciliation of basic and diluted weighted-average shares outstanding used in the computation of basic and diluted earnings per share is as follows:

	Year Ended December 31,
	2021	2020	2019
Basic weighted average shares outstanding	102,069,781	106,075,267	109,213,524
Weighted average dilutive options outstanding	1,100,351	1,149,327	2,167,726
Diluted weighted average shares outstanding	103,170,132	107,224,594	111,381,250
Antidilutive shares	2,412,884	2,476,019	21,556