XML 17 R7.htm IDEA: XBRL DOCUMENT v3.20.2
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($)
$ in Thousands
Total
Beneficial
Impact of ASC 326 Adoption
As reported under ASC 326
Common Stock
Common Stock
As reported under ASC 326
Capital in Excess of Par Value
Capital in Excess of Par Value
As reported under ASC 326
Accumulated Other Comprehensive Income
Accumulated Other Comprehensive Income
As reported under ASC 326
Retained Earnings
Retained Earnings
Impact of ASC 326 Adoption
Retained Earnings
As reported under ASC 326
Treasury Stock
Treasury Stock
As reported under ASC 326
Total Stockholders' Equity of WSFS
Total Stockholders' Equity of WSFS
Impact of ASC 326 Adoption
Total Stockholders' Equity of WSFS
As reported under ASC 326
Non-controlling Interest
Non-controlling Interest
As reported under ASC 326
Beginning Balance (in shares) at Dec. 31, 2018         56,926,978                              
Beginning Balance at Dec. 31, 2018 $ 820,920       $ 569   $ 349,810   $ (15,394)   $ 791,031     $ (305,096)   $ 820,920     $ 0  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                        
Net income (loss) 102,494                   103,105         103,105     (611)  
Other comprehensive income (loss) 47,613               47,613             47,613        
Cash dividend (16,208)                   (16,208)         (16,208)        
Issuance of common stock including proceeds from exercise of common stock options (in shares)         484,843                              
Issuance of common stock including proceeds from exercise of common stock options 7,340       $ 6   7,334                 7,340        
Re-issuance of treasury stock in connection with the Beneficial merger and related items 950,044           687,897             262,071   949,968     76  
Stock-based compensation expense 1,994           1,994                 1,994        
Repurchases of common shares [1] (57,740)                         (57,740)   (57,740)        
Ending Balance (in shares) at Sep. 30, 2019         57,411,821                              
Ending Balance at Sep. 30, 2019 $ 1,856,457       $ 575   1,047,035   32,219   877,928     (100,765)   1,856,992     (535)  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                        
Shares withheld for tax liabilities (in shares)   132,993                                    
Repurchase of common stock (in shares) 1,230,640                                      
Beginning Balance (in shares) at Jun. 30, 2019         57,239,683                              
Beginning Balance at Jun. 30, 2019 $ 1,836,388       $ 573   1,043,065   22,688   830,397     (60,112)   1,836,611     (223)  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                        
Net income (loss) 53,595                   53,882         53,882     (287)  
Other comprehensive income (loss) 9,531               9,531             9,531        
Cash dividend (6,351)                   (6,351)         (6,351)        
Issuance of common stock including proceeds from exercise of common stock options (in shares)         172,138                              
Issuance of common stock including proceeds from exercise of common stock options 3,213       $ 2   3,211                 3,213        
Beneficial merger and related items (25)           0       0         0     (25)  
Stock-based compensation expense 759           759                 759        
Repurchases of common shares [2] (40,653)                         (40,653)   (40,653)        
Ending Balance (in shares) at Sep. 30, 2019         57,411,821                              
Ending Balance at Sep. 30, 2019 $ 1,856,457       $ 575   1,047,035   32,219   877,928     (100,765)   1,856,992     (535)  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                        
Repurchase of common stock (in shares) 959,300                                      
Beginning Balance (in shares) at Dec. 31, 2019         57,435,658 57,435,658                            
Beginning Balance at Dec. 31, 2019 $ 1,849,491   $ (30,368) $ 1,819,123 $ 575 $ 575 1,049,064 $ 1,049,064 23,501 $ 23,501 917,377 $ (30,368) $ 887,009 (140,211) $ (140,211) 1,850,306 $ (30,368) $ 1,819,938 (815) $ (815)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                        
Net income (loss) 53,579                   54,961         54,961     (1,382)  
Other comprehensive income (loss) 43,094               43,094             43,094        
Cash dividend (18,319)                   (18,319)         (18,319)        
Issuance of common stock including proceeds from exercise of common stock options (in shares)         110,906                              
Issuance of common stock including proceeds from exercise of common stock options 1,359       $ 1   1,358                 1,359        
Stock-based compensation expense 1,954           1,954                 1,954        
Repurchases of common shares [3] (39,488)           (749)             (38,739)   (39,488)        
Ending Balance (in shares) at Sep. 30, 2020         57,546,564                              
Ending Balance at Sep. 30, 2020 $ 1,861,302       $ 576   1,051,627   66,595   923,651     $ (178,950)   1,863,499     (2,197)  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                        
Shares withheld for tax liabilities (in shares) 24,884                                      
Repurchase of common stock (in shares)                           1,004,348            
Beginning Balance (in shares) at Jun. 30, 2020         57,533,236                              
Beginning Balance at Jun. 30, 2020 $ 1,821,794       $ 576   1,050,678   72,780   878,585     $ (178,950)   1,823,669     (1,875)  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                        
Net income (loss) 50,823                   51,145         51,145     (322)  
Other comprehensive income (loss) (6,185)               (6,185)             (6,185)        
Cash dividend (6,079)                   (6,079)         (6,079)        
Issuance of common stock including proceeds from exercise of common stock options (in shares)         13,328                              
Issuance of common stock including proceeds from exercise of common stock options 368       $ 0   368                 368        
Stock-based compensation expense 660           660                 660        
Repurchases of common shares [4] (79)           (79)                 (79)        
Ending Balance (in shares) at Sep. 30, 2020         57,546,564                              
Ending Balance at Sep. 30, 2020 $ 1,861,302       $ 576   $ 1,051,627   $ 66,595   $ 923,651     $ (178,950)   $ 1,863,499     $ (2,197)  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                        
Shares withheld for tax liabilities (in shares) 2,353                                      
[1] Repurchase of common stock includes 1,230,640 shares repurchased in connection with the Company's share repurchase program approved by the Board of Directors, and 132,993 shares repurchased to cover taxes due on the consideration transferred in the Beneficial acquisition related to the vesting of unrestricted Beneficial stock awards.
[2] Repurchase of common stock includes 959,300 shares repurchased in connection with the Company's share repurchase program approved by the Board of Directors.
[3] Repurchase of common stock includes 1,004,348 shares repurchased in connection with the Company's share repurchase program approved by the Board of Directors, and 24,884 shares withheld to cover tax liabilities
[4] Repurchase of common stock includes 2,353 shares withheld to cover tax liabilities.