Basis of Presentation (Tables)
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6 Months Ended |
Jun. 30, 2016 |
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| Accounting Policies [Abstract] |
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| Schedule of Other Expense (Income), Net |
Other expense (income), net
Other expense (income), net consists of the following ($000’s omitted): | | | | | | | | | | | | | | | | | | Three Months Ended | | Six Months Ended | June 30, | | June 30, | 2016 | | 2015 | | 2016 | | 2015 | Write-off of deposits and pre-acquisition costs | $ | 7,414 |
| | $ | 1,241 |
| | $ | 10,454 |
| | $ | 3,110 |
| Lease exit and related costs | 7,311 |
| | 336 |
| | 5,946 |
| | 222 |
| Amortization of intangible assets | 3,450 |
| | 3,225 |
| | 6,900 |
| | 6,450 |
| Interest income | (849 | ) | | (856 | ) | | (1,772 | ) | | (1,955 | ) | Interest expense | 186 |
| | 208 |
| | 360 |
| | 395 |
| Equity in earnings of unconsolidated entities | (3,829 | ) | | (1,164 | ) | | (4,004 | ) | | (2,271 | ) | Miscellaneous, net | (774 | ) | | 196 |
| | 901 |
| | (3,648 | ) | | $ | 12,909 |
| | $ | 3,186 |
| | $ | 18,785 |
| | $ | 2,303 |
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| Schedule of Earnings Per Share |
The following table presents the earnings per common share (000's omitted, except per share data): | | | | | | | | | | | | | | | | | | Three Months Ended | | Six Months Ended | June 30, | | June 30, | 2016 | | 2015 | | 2016 | | 2015 | Numerator: | | | | | | | | Net income | $ | 117,760 |
| | $ | 103,324 |
| | $ | 201,060 |
| | $ | 158,295 |
| Less: earnings distributed to participating securities | (283 | ) | | (185 | ) | | (568 | ) | | (373 | ) | Less: undistributed earnings allocated to participating securities | (791 | ) | | (475 | ) | | (1,064 | ) | | (647 | ) | Numerator for basic earnings per share | $ | 116,686 |
| | $ | 102,664 |
| | $ | 199,428 |
| | $ | 157,275 |
| Add back: undistributed earnings allocated to participating securities | 791 |
| | 475 |
| | 1,064 |
| | 647 |
| Less: undistributed earnings reallocated to participating securities | (785 | ) | | (471 | ) | | (1,055 | ) | | (641 | ) | Numerator for diluted earnings per share | $ | 116,692 |
| | $ | 102,668 |
| | $ | 199,437 |
| | $ | 157,281 |
| | | | | | | | | Denominator: | | | | | | | | Basic shares outstanding | 345,240 |
| | 361,009 |
| | 346,528 |
| | 363,863 |
| Effect of dilutive securities | 2,759 |
| | 3,232 |
| | 2,710 |
| | 3,297 |
| Diluted shares outstanding | 347,999 |
| | 364,241 |
| | 349,238 |
| | 367,160 |
| | | | | | | | | Earnings per share: | | | | | | | | Basic | $ | 0.34 |
| | $ | 0.28 |
| | $ | 0.58 |
| | $ | 0.43 |
| Diluted | $ | 0.34 |
| | $ | 0.28 |
| | $ | 0.57 |
| | $ | 0.43 |
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| 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, 2016 | | December 31, 2015 | | Other Assets | | Accrued and Other Liabilities | | Other Assets | | Accrued and Other Liabilities | Interest rate lock commitments | $ | 11,591 |
| | $ | 111 |
| | $ | 5,854 |
| | $ | 280 |
| Forward contracts | 401 |
| | 6,735 |
| | 1,178 |
| | 840 |
| Whole loan commitments | 111 |
| | 414 |
| | 358 |
| | 345 |
| | $ | 12,103 |
| | $ | 7,260 |
| | $ | 7,390 |
| | $ | 1,465 |
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