Earnings Per Share Reconciliation (Tables)

3 Months Ended

Mar. 31, 2021

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 March 31,
	2021		2020
	(In thousands, except per share amounts)
Earnings per common share:
Net earnings	$	63,893	$	37,980
Less: Net earnings allocated to restricted stock		309		83
Net earnings allocated to common shareholders	$	63,584	$	37,897
Weighted average shares outstanding		135,175		139,107
Basic earnings per common share	$	0.47	$	0.27
Diluted earnings per common share:
Net income allocated to common shareholders		63,584		37,897
Weighted average shares outstanding		135,175		139,107
Incremental shares from assumed exercise of outstanding options		253		209
Diluted weighted average shares outstanding		135,428		139,316
Diluted earnings per common share	$	0.47	$	0.27