Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2012

Earnings Per Share [Abstract]

Computation of Basic and Diluted Earnings Per Common Share

The following table sets forth the computation of basic and diluted earnings per common share for 2012, 2011 and 2010:

(In thousands, except per share data)		2012		2011		2010
Net income		$	111,196	$	77,575	$	63,329
Less: Preferred stock dividends and discount accretion		9,093		4,128		19,643
Less: Non-cash deemed preferred stock dividend		—		—		11,361
Net income applicable to common shares—Basic	(A)	102,103		73,447		32,325
Add: Dividends on convertible preferred stock		8,955		—		—
Net income applicable to common shares—Diluted	(B)	111,058		73,447		32,325
Weighted average common shares outstanding	(C)	36,365		35,355		30,057
Effect of dilutive potential common shares:
Common stock equivalents		7,313		8,636		1,513
Convertible preferred stock, if dilutive		4,356		—		—
Total dilutive potential common shares		11,669		8,636		1,513
Weighted average common shares and effect of dilutive potential common shares	(D)	48,034		43,991		31,570
Net income per common share:
Basic	(A/C)	$	2.81	$	2.08	$	1.08
Diluted	(B/D)	$	2.31	$	1.67	$	1.02