XML 38 R28.htm IDEA: XBRL DOCUMENT v3.20.2
Earnings Per Share (Tables)
 9 Months Ended
Sep. 30, 2020
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share Basic And Diluted The following table sets forth the computation of basic and diluted net income per common share under the two-class method for the three and nine months ended September 30, 2020 and September 30, 2019:
Three Months Ended September 30,Nine Months Ended September 30,
2020201920202019
Basic Earnings Per Share
Net (Loss) Income$117,092,602 $111,897,852 $204,224,370 $325,136,888 
Less: Dividends and undistributed earnings allocated to participating securities1,697,281 1,389,659 2,906,048 3,699,548 
Net (Loss) Income available to common shareholders$115,395,321 $110,508,193 $201,318,322 $321,437,340 
Basic weighted average shares outstanding241,898,117 251,075,859 243,240,699 252,811,950 
Net (Loss) Income per share - Basic$0.48 $0.44 $0.83 $1.27 
Diluted Earnings Per Share
Allocation of Net (Loss) Income used in basic computation$115,395,321 $110,508,193 $201,318,322 $321,437,340 
Reallocation of undistributed earnings4,742 6,051 6,731 15,389 
Net (Loss) Income available to common shareholders - Diluted$115,400,063 $110,514,244 $201,325,053 $321,452,729 
Number of shares used in basic computation241,898,117 251,075,859 243,240,699 252,811,950 
Additional weighted average dilutive common stock equivalents918,950 1,503,123 1,026,916 1,455,901 
Diluted weighted average shares outstanding242,817,067 252,578,982 244,267,615 254,267,851 
Net (Loss) Income per share - Diluted$0.48 $0.44 $0.82 $1.26 
Shares related to stock plans not included in diluted average common shares outstanding because their effect would be anti-dilutive412,775 3,054 412,775 170,386