Basis of Presentation (Tables)

3 Months Ended

Mar. 31, 2019

Accounting Policies [Abstract]

Schedule of Other Expense (Income), Net

Other expense, net consists of the following ($000’s omitted): 

	Three Months Ended
	March 31,
	2019			2018
Write-offs of deposits and pre-acquisition costs	$	(2,917	)	$	(2,609	)
Amortization of intangible assets	(3,450		)	(3,450		)
Interest income	4,949			564
Interest expense	(144		)	(143		)
Equity in earnings of unconsolidated entities	37			961
Miscellaneous, net	552			3,369
Total other expense, net	$	(973	)	$	(1,308	)

Schedule of Earnings Per Share

The following table presents the earnings per common share (000's omitted, except per share data):

	Three Months Ended
	March 31,
	2019			2018
Numerator:
Net income	$	166,757		$	170,751
Less: earnings distributed to participating securities	(308		)	(296		)
Less: undistributed earnings allocated to participating securities	(1,410		)	(1,622		)
Numerator for basic earnings per share	$	165,039		$	168,833
Add back: undistributed earnings allocated to participating securities	1,410			1,622
Less: undistributed earnings reallocated to participating securities	(1,407		)	(1,614		)
Numerator for diluted earnings per share	$	165,042		$	168,841
Denominator:
Basic shares outstanding	277,637			286,683
Effect of dilutive securities	1,003			1,343
Diluted shares outstanding	278,640			288,026
Earnings per share:
Basic	$	0.59		$	0.59
Diluted	$	0.59		$	0.59

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value

The fair values of derivative instruments and their locations in the Condensed Consolidated Balance Sheets are summarized below ($000’s omitted): 

	March 31, 2019				December 31, 2018
	Other Assets		Accrued and Other Liabilities		Other Assets		Accrued and Other Liabilities
Interest rate lock commitments	$	11,629	$	297	$	9,196	$	161
Forward contracts	234		4,107		315		7,229
Whole loan commitments	329		614		393		1,111
	$	12,192	$	5,018	$	9,904	$	8,501