XML 17 R7.htm IDEA: XBRL DOCUMENT v3.24.2.u1
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($)
$ in Thousands
Total
Total Stockholders' Equity of WSFS
Common Stock
Capital in Excess of Par Value
Accumulated Other Comprehensive Loss
Retained Earnings
Treasury Stock
Non-controlling Interest
Beginning balance (in shares) at Dec. 31, 2022     75,921,997          
Beginning balance at Dec. 31, 2022 $ 2,201,886 $ 2,205,113 $ 759 $ 1,974,210 $ (675,844) $ 1,411,243 $ (505,255) $ (3,227)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income (loss) 131,257 131,082       131,082   175
Other comprehensive (loss) income 19,785 19,785     19,785      
Cash dividend (18,476) (18,476)       (18,476)    
Distributions to noncontrolling shareholders (4,223)             (4,223)
Issuance of common stock including proceeds from exercise of common stock options (in shares)     99,966          
Issuance of common stock including proceeds from exercise of common stock options 363 363 $ 1 362        
Stock-based compensation expense 5,738 5,738   5,738        
Repurchases of common shares [1] (28,946) (28,946)   (2,365)     (26,581)  
Ending balance (in shares) at Jun. 30, 2023     76,021,963          
Ending balance at Jun. 30, 2023 2,307,384 2,314,659 $ 760 1,977,945 (656,059) 1,523,849 (531,836) (7,275)
Beginning balance (in shares) at Mar. 31, 2023     75,958,600          
Beginning balance at Mar. 31, 2023 2,303,344 2,306,362 $ 759 1,977,757 (618,415) 1,464,392 (518,131) (3,018)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income (loss) 68,595 68,678       68,678   (83)
Other comprehensive (loss) income (37,644) (37,644)     (37,644)      
Cash dividend (9,221) (9,221)       (9,221)    
Distributions to noncontrolling shareholders (4,174)             (4,174)
Issuance of common stock including proceeds from exercise of common stock options (in shares)     63,363          
Issuance of common stock including proceeds from exercise of common stock options 1 1 $ 1          
Stock-based compensation expense 2,553 2,553   2,553        
Repurchases of common shares [2] (16,070) (16,070)   (2,365)     (13,705)  
Ending balance (in shares) at Jun. 30, 2023     76,021,963          
Ending balance at Jun. 30, 2023 2,307,384 2,314,659 $ 760 1,977,945 (656,059) 1,523,849 (531,836) (7,275)
Beginning balance (in shares) at Dec. 31, 2023     76,095,094          
Beginning balance at Dec. 31, 2023 2,469,815 2,477,636 $ 761 1,984,746 (593,991) 1,643,657 (557,537) (7,821)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income (loss) 134,931 135,034       135,034   (103)
Other comprehensive (loss) income (48,887) (48,887)     (48,887)      
Cash dividend (18,093) (18,093)       (18,093)    
Distributions to noncontrolling shareholders (3,299)             (3,299)
Issuance of common stock including proceeds from exercise of common stock options (in shares) [3]     113,260          
Issuance of common stock including proceeds from exercise of common stock options [3] (1,099) (1,099) $ 1 (1,100)        
Stock-based compensation expense 6,177 6,177   6,177        
Repurchases of common shares [4] (61,188) (61,188)   (534)     (60,654)  
Ending balance (in shares) at Jun. 30, 2024     76,208,354          
Ending balance at Jun. 30, 2024 2,478,357 2,489,580 $ 762 1,989,289 (642,878) 1,760,598 (618,191) (11,223)
Beginning balance (in shares) at Mar. 31, 2024     76,133,596          
Beginning balance at Mar. 31, 2024 2,465,622 2,473,481 $ 761 1,987,800 (636,907) 1,700,349 (578,522) (7,859)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income (loss) 69,208 69,273       69,273   (65)
Other comprehensive (loss) income (5,971) (5,971)     (5,971)      
Cash dividend (9,024) (9,024)       (9,024)    
Distributions to noncontrolling shareholders (3,299)             (3,299)
Issuance of common stock including proceeds from exercise of common stock options (in shares) [5]     74,758          
Issuance of common stock including proceeds from exercise of common stock options [5] (1,697) (1,697) $ 1 (1,698)        
Stock-based compensation expense 3,721 3,721   3,721        
Repurchases of common shares [6] (40,203) (40,203)   (534)     (39,669)  
Ending balance (in shares) at Jun. 30, 2024     76,208,354          
Ending balance at Jun. 30, 2024 $ 2,478,357 $ 2,489,580 $ 762 $ 1,989,289 $ (642,878) $ 1,760,598 $ (618,191) $ (11,223)
[1] Repurchase of common stock includes 619,278 shares repurchased in connection with the Company's share repurchase program approved by the Board of Directors, and 45,489 shares withheld to cover tax liabilities.
[2] Repurchase of common stock includes 357,278 shares repurchased in connection with the Company's share repurchase program approved by the Board of Directors, and 37,231 shares withheld to cover tax liabilities.
[3] Issuance of common stock includes 50,104 shares withheld to cover tax liabilities.
[4] Repurchase of common stock includes 1,389,829 shares repurchased in connection with the Company's share repurchase program approved by the Board of Directors.
[5] Issuance of common stock includes 40,417 shares withheld to cover tax liabilities.
[6] Repurchase of common stock includes 897,461 shares repurchased in connection with the Company's share repurchase program approved by the Board of Directors.