Basis of Presentation (Tables)

3 Months Ended

Mar. 31, 2022

Accounting Policies [Abstract]

Schedule of Other Expense (Income), Net

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

	Three Months Ended
	March 31,
	2022		2021
Write-offs of deposits and pre-acquisition costs	$	(3,510)	$	(1,368)
Amortization of intangible assets	(2,821)		(4,992)
Interest income	388		631
Interest expense	(86)		(135)
Equity in earnings of unconsolidated entities	1,221		827
Miscellaneous, net	2,670		2,398
Total other expense, net	$	(2,138)	$	(2,639)

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,
	2022		2021
Numerator:
Net income	$	454,723	$	304,107
Less: earnings distributed to participating securities	(218)		(298)
Less: undistributed earnings allocated to participating securities	(3,061)		(2,154)
Numerator for basic earnings per share	$	451,444	$	301,655
Add back: undistributed earnings allocated to participating securities	3,061		2,154
Less: undistributed earnings reallocated to participating securities	(3,045)		(2,149)
Numerator for diluted earnings per share	$	451,460	$	301,660
Denominator:
Basic shares outstanding	245,796		265,407
Effect of dilutive securities	1,069		605
Diluted shares outstanding	246,865		266,012
Earnings per share:
Basic	$	1.84	$	1.14
Diluted	$	1.83	$	1.13

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, 2022				December 31, 2021
	Other Assets		Accrued and Other Liabilities		Other Assets		Accrued and Other Liabilities
Interest rate lock commitments	$	11,048	$	2,670	$	8,582	$	33
Forward contracts	26,741		512		757		1,336
Whole loan commitments	1,013		39		384		4
	$	38,802	$	3,221	$	9,723	$	1,373