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Earnings Per Share Reconciliation (Tables)
 6 Months Ended
Jun. 30, 2022
Earnings Per Share [Abstract]  
Schedule of Earnings Per Common Share Reconciliation

The table below shows earnings per common share and diluted earnings per common share, and reconciles the numerator and denominator of both earnings per common share calculations.

 

 

 

Three Months Ended
June 30,

 

 

Six Months Ended
June 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

 

 

(In thousands, except per share amounts)

 

Earnings per common share:

 

 

 

 

 

 

 

 

 

 

 

 

Net earnings

 

$

59,058

 

 

$

51,179

 

 

$

104,618

 

 

$

115,072

 

Less: Net earnings allocated to restricted stock

 

 

398

 

 

 

239

 

 

 

650

 

 

 

547

 

Net earnings allocated to common shareholders

 

$

58,660

 

 

$

50,940

 

 

$

103,968

 

 

$

114,525

 

Weighted average shares outstanding

 

 

139,748

 

 

 

135,286

 

 

 

140,467

 

 

 

135,235

 

Basic earnings per common share

 

$

0.42

 

 

$

0.38

 

 

$

0.74

 

 

$

0.85

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted earnings per common share:

 

 

 

 

 

 

 

 

 

 

 

 

Net income allocated to common shareholders

 

$

58,660

 

 

$

50,940

 

 

$

103,968

 

 

$

114,525

 

Weighted average shares outstanding

 

 

139,748

 

 

 

135,286

 

 

 

140,467

 

 

 

135,235

 

Incremental shares from assumed exercise of
   outstanding options

 

 

305

 

 

 

221

 

 

 

263

 

 

 

235

 

Diluted weighted average shares outstanding

 

 

140,053

 

 

 

135,507

 

 

 

140,730

 

 

 

135,470

 

Diluted earnings per common share

 

$

0.42

 

 

$

0.38

 

 

$

0.74

 

 

$

0.85