| Earnings Per Share |
17. EARNINGS PER SHARE The reconciliation of the numerator and denominator of basic earnings per share with that of diluted earnings per share is presented as follows:
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| Distributed earnings allocated to common stock |
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$ |
52,243 |
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$ |
52,402 |
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$ |
105,727 |
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$ |
105,913 |
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| Undistributed earnings allocated to common stock |
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78,982 |
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68,046 |
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149,506 |
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98,660 |
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| Net earnings allocated to common shareholders |
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$ |
131,225 |
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$ |
120,448 |
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$ |
255,233 |
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$ |
204,573 |
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| Average common shares outstanding |
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137,982,273 |
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142,206,539 |
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138,691,869 |
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142,175,506 |
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| Effect of dilutive common stock-based awards |
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435,371 |
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237,958 |
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470,230 |
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290,037 |
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| Average diluted shares outstanding |
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138,417,644 |
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142,444,497 |
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139,162,099 |
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142,465,543 |
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| Earnings per basic common share |
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$ |
0.95 |
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$ |
0.85 |
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$ |
1.84 |
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$ |
1.44 |
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| Earnings per diluted common share |
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$ |
0.95 |
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$ |
0.85 |
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$ |
1.83 |
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$ |
1.44 |
| Antidilutive outstanding common stock-based awards of 357,799 and 600,438 for the three months and six months ended June 30, 2026, respectively, were excluded from the earnings per diluted common share calculation as compared to 567,520 and 1,003,456 for the three months and six months ended June 30, 2025, respectively. |