v3.24.2
Basis of Presentation (Tables)
 6 Months Ended
Jun. 30, 2024
Accounting Policies [Abstract]  
Schedule of Other Expense (Income), Net
Other income, net consists of the following ($000’s omitted): 
Three Months EndedSix Months Ended
June 30,June 30,
2024202320242023
Write-offs of deposits and pre-acquisition costs$(3,685)$(1,490)$(7,675)$(7,173)
Amortization of intangible assets(2,498)(2,623)(5,038)(5,293)
Loss on debt retirement(158)— (222)— 
Interest income17,141 15,302 34,520 22,398 
Interest expense(117)(120)(232)(227)
Miscellaneous, net2,641 2,517 8,655 5,700 
Other income, net$13,324 $13,586 $30,008 $15,405 
Schedule of Earnings Per Share The following table presents a reconciliation of the Numerator used in the earnings per share calculation for the three and six months ended June 30, 2023 (000's omitted, except per share data):
Three Months EndedSix Months Ended
June 30,June 30,
20232023
Numerator:
Net income$720,345 $1,252,604 
Less: earnings distributed to participating securities(122)(248)
Less: undistributed earnings allocated to participating securities(2,365)(4,597)
Numerator for basic earnings per share$717,858 $1,247,759 
Add back: undistributed earnings allocated to participating securities2,365 4,597 
Less: undistributed earnings reallocated to participating securities(2,347)(4,565)
Numerator for diluted earnings per share$717,876 $1,247,791 
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):
 
 June 30, 2024December 31, 2023
 Other AssetsAccrued and Other LiabilitiesOther AssetsAccrued and Other Liabilities
Interest rate lock commitments$2,269 $14,233 $3,926 $1,506 
Forward contracts3,888 8,222 110 26,104 
Whole loan commitments36 114 24 47 
$6,193 $22,569 $4,060 $27,657