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Quarterly Operating Results (Tables)
12 Months Ended
Dec. 31, 2020
Quarterly Financial Information Disclosure [Abstract]  
Schedule of Quarterly Operating Results

Quarterly operating results for 2020 and 2019 were as follows:

 

(in thousands, except per share data)

 

First

Quarter

 

 

Second

Quarter

 

 

Third

Quarter

 

 

Fourth

Quarter

 

2020

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total revenues

 

$

698,495

 

 

$

598,806

 

 

$

673,962

 

 

$

642,111

 

Total expenses

 

$

493,242

 

 

$

469,405

 

 

$

515,434

 

 

$

511,195

 

Income before income taxes

 

$

205,253

 

 

$

129,401

 

 

$

158,528

 

 

$

130,916

 

Net income

 

$

152,400

 

 

$

96,784

 

 

$

133,979

 

 

$

97,320

 

Net income per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.54

 

 

$

0.34

 

 

$

0.47

 

 

$

0.34

 

Diluted

 

$

0.54

 

 

$

0.34

 

 

$

0.47

 

 

$

0.34

 

2019

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total revenues

 

$

619,280

 

 

$

575,219

 

 

$

618,683

 

 

$

578,989

 

Total expenses

 

$

470,760

 

 

$

451,697

 

 

$

466,845

 

 

$

476,940

 

Income before income taxes

 

$

148,520

 

 

$

123,522

 

 

$

151,838

 

 

$

102,049

 

Net income

 

$

113,896

 

 

$

92,593

 

 

$

115,506

 

 

$

76,519

 

Net income per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.41

 

 

$

0.33

 

 

$

0.41

 

 

$

0.27

 

Diluted

 

$

0.40

 

 

$

0.33

 

 

$

0.41

 

 

$

0.27