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Earnings Per Share (Details) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Basic Earnings Per Share        
Net income $ 122,549,041 $ 104,725,412 $ 316,820,194 $ 311,459,076
Less: Dividends and undistributed earnings allocated to participating securities 1,604,095 1,537,105 4,418,133 4,636,523
Net Income available to common shareholders $ 120,944,946 $ 103,188,307 $ 312,402,061 $ 306,822,553
Basic weighted average shares outstanding (in shares) 226,002,347 230,047,014 226,646,541 229,866,008
Net income per share - Basic (in dollars per share) [1] $ 0.54 $ 0.45 $ 1.38 $ 1.33
Diluted Earnings Per Share        
Allocation of Net Income used in basic computation $ 120,944,946 $ 103,188,307 $ 312,402,061 $ 306,822,553
Reallocation of undistributed earnings 1,288 1,978 5,183 4,577
Net Income available to common shareholders - Diluted $ 120,946,234 $ 103,190,285 $ 312,407,244 $ 306,827,130
Number of shares used in basic computation (in shares) 226,002,347 230,047,014 226,646,541 229,866,008
Additional weighted average dilutive common stock equivalents (in shares) 239,337 410,397 363,391 315,666
Diluted weighted average shares outstanding (in shares) 226,241,684 230,457,411 227,009,932 230,181,674
Net Income per share - Diluted (in dollars per share) [1] $ 0.53 $ 0.45 $ 1.38 $ 1.33
Shares related to stock plans not included in diluted average common shares outstanding because their effect would be anti-dilutive (in shares) 1,619,446 1,384,066 625,410 1,410,341
[1]
(1) Earnings Per Share has been adjusted to exclude the portion of net income allocated to participating securities as a result of share-based payment awards.