Earnings per share (Tables)

9 Months Ended

Sep. 30, 2023

Earnings Per Share [Abstract]

Weighted average common shares outstanding

A reconciliation of the weighted average common shares outstanding used in the basic and diluted earnings per share calculations follows:

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2023		2022		2023		2022
	(In thousands, except per share amounts)
Weighted average common shares outstanding - basic	203,638		203,351		203,633		203,351
Effect of dilutive performance share awards and restricted stock units	248		293		258		56
Weighted average common shares outstanding - diluted	203,886		203,644		203,891		203,407
Earnings per share - basic:
Income from continuing operations	$	.38	$	.21	$	1.52	$	.72
Discontinued operations, net of tax	(.01)		.52		(.32)		.51
Earnings per share - basic	$	.37	$	.73	$	1.20	$	1.23
Earnings per share - diluted:
Income from continuing operations	$	.38	$	.21	$	1.52	$	.72
Discontinued operations, net of tax	(.01)		.52		(.32)		.51
Earnings per share - diluted	$	.37	$	.73	$	1.20	$	1.23
Shares excluded from the calculation of diluted earnings per share	—		—		—		77
Dividends declared per common share	$	.1250	$	.2175	$	.5700	$	.6525