| Reconciliation of Numerator and Denominator of Basic Earnings Per Share with that of Diluted 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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Three Months Ended
September 30 |
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Nine Months Ended
September 30 |
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2026 |
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2025 |
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2026 |
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2025 |
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| Distributed earnings allocated to common stock |
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$ |
51,650 |
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$ |
52,119 |
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$ |
157,377 |
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$ |
158,032 |
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| Undistributed earnings allocated to common stock |
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76,910 |
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78,336 |
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226,416 |
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176,996 |
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| Net earnings allocated to common shareholders |
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$ |
128,560 |
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$ |
130,455 |
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$ |
383,793 |
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$ |
335,028 |
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| Average common shares outstanding |
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136,426,622 |
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141,547,684 |
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137,876,209 |
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141,901,752 |
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| Effect of dilutive common stock-based awards |
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604,678 |
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412,924 |
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495,096 |
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308,058 |
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| Average diluted shares outstanding |
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137,031,300 |
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141,960,608 |
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138,371,305 |
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142,209,810 |
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| Earnings per basic common share |
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$ |
0.94 |
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$ |
0.92 |
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$ |
2.78 |
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$ |
2.36 |
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| Earnings per diluted common share |
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$ |
0.94 |
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$ |
0.92 |
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$ |
2.77 |
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$ |
2.36 |
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