Basis of Presentation (Tables)

3 Months Ended

Mar. 31, 2021

Accounting Policies [Abstract]

Schedule of Other Expense (Income), Net

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

	Three Months Ended
	March 31,
	2021		2020
Write-offs of deposits and pre-acquisition costs	$	(1,368)	$	(4,332)
Amortization of intangible assets	(4,992)		(4,557)
Interest income	631		3,807
Interest expense	(135)		(797)
Equity in earnings of unconsolidated entities	827		567
Miscellaneous, net	2,398		2,788
Total other expense, net	$	(2,639)	$	(2,524)

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,
	2021		2020
Numerator:
Net income	$	304,107	$	203,711
Less: earnings distributed to participating securities	(298)		(273)
Less: undistributed earnings allocated to participating securities	(2,154)		(1,537)
Numerator for basic earnings per share	$	301,655	$	201,901
Add back: undistributed earnings allocated to participating securities	2,154		1,537
Less: undistributed earnings reallocated to participating securities	(2,149)		(1,530)
Numerator for diluted earnings per share	$	301,660	$	201,908
Denominator:
Basic shares outstanding	265,407		270,000
Effect of dilutive securities	605		1,218
Diluted shares outstanding	266,012		271,218
Earnings per share:
Basic	$	1.14	$	0.75
Diluted	$	1.13	$	0.74

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, 2021				December 31, 2020
	Other Assets		Accrued and Other Liabilities		Other Assets		Accrued and Other Liabilities
Interest rate lock commitments	$	17,374	$	126	$	16,179	$	18
Forward contracts	14,011		295		501		5,937
Whole loan commitments	1,499		132		168		666
	$	32,884	$	553	$	16,848	$	6,621