XML 106 R38.htm IDEA: XBRL DOCUMENT v2.4.1.9
Shareholders' Equity and Earnings Per Share (Tables)
3 Months Ended
Mar. 31, 2015
Earnings Per Share, Basic and Diluted, Other Disclosures [Abstract]  
Components Of Other Comprehensive Income (Loss)
The following tables summarize the components of other comprehensive income (loss), including the related income tax effects, and the related amount reclassified to net income for the periods presented (in thousands).
 
 
Accumulated
Unrealized (Losses) Gains on Securities
 
Accumulated
Unrealized
Losses on
Derivative
Instruments
 
Accumulated
Foreign
Currency
Translation
Adjustments
 
Total
Accumulated
Other
Comprehensive
(Loss) Income
Balance at January 1, 2015
$
(9,533
)
 
$
(2,517
)
 
$
(25,282
)
 
$
(37,332
)
Other comprehensive income (loss) during the period, net of tax, before reclassifications
15,945

 
(593
)
 
(9,045
)
 
6,307

Amount reclassified from accumulated other comprehensive income (loss), net of tax
(318
)
 
252

 

 
(66
)
Net other comprehensive income (loss)during the period, net of tax
$
15,627

 
$
(341
)
 
$
(9,045
)
 
$
6,241

Balance at March 31, 2015
$
6,094

 
$
(2,858
)
 
$
(34,327
)
 
$
(31,091
)
 
 
 
 
 
 
 
 
Balance at January 1, 2014
$
(53,665
)
 
$
(2,462
)
 
$
(6,909
)
 
$
(63,036
)
Other comprehensive income (loss) during the period, net of tax, before reclassifications
13,722

 
(356
)
 
(7,400
)
 
5,966

Amount reclassified from accumulated other comprehensive income (loss), net of tax
20

 
297

 

 
317

Net other comprehensive income (loss) during the period, net of tax
$
13,742

 
$
(59
)
 
$
(7,400
)
 
$
6,283

Balance at March 31, 2014
$
(39,923
)
 
$
(2,521
)
 
$
(14,309
)
 
$
(56,753
)
Other Comprehensive Income Reclassified from AOCI
 
 
Amount Reclassified from Accumulated Other Comprehensive Income for the
 
Details Regarding the Component of Accumulated Other Comprehensive Income
 
Three months ended
 
Impacted Line on the Consolidated Statements of Income
 
March 31,
 
 
2015
 
2014
 
Accumulated unrealized losses on securities
 
 
 
 
 
 
Gains (losses) included in net income
 
$
524

 
$
(33
)
 
Gains (losses) on available-for-sale securities, net
 
 
524

 
(33
)
 
Income before taxes
Tax effect
 
$
(206
)
 
$
13

 
Income tax expense
Net of tax
 
$
318

 
$
(20
)
 
Net income
 
 
 
 
 
 
 
Accumulated unrealized losses on derivative instruments
 
 
 
 
 
 
Amount reclassified to interest expense on junior subordinated debentures
 
$
414

 
$
493

 
Interest on junior subordinated debentures
 
 
(414
)
 
(493
)
 
Income before taxes
Tax effect
 
$
162

 
$
196

 
Income tax expense
Net of tax
 
$
(252
)
 
$
(297
)
 
Net income
Computation Of Basic And Diluted Earnings Per Common Share
The following table shows the computation of basic and diluted earnings per share for the periods indicated:
 
 
 
 
Three Months Ended
(In thousands, except per share data)
 
 
March 31,
2015
 
March 31,
2014
Net income
 
 
$
39,052

 
$
34,500

Less: Preferred stock dividends and discount accretion
 
 
1,581

 
1,581

Net income applicable to common shares—Basic
(A)
 
37,471

 
32,919

Add: Dividends on convertible preferred stock, if dilutive
 
 
1,581

 
1,581

Net income applicable to common shares—Diluted
(B)
 
39,052

 
34,500

Weighted average common shares outstanding
(C)
 
47,239

 
46,195

Effect of dilutive potential common shares
 
 
 
 
 
Common stock equivalents
 
 
1,158

 
1,434

Convertible preferred stock, if dilutive
 
 
3,075

 
3,075

Total dilutive potential common shares
 
 
4,233

 
4,509

Weighted average common shares and effect of dilutive potential common shares
(D)
 
51,472

 
50,704

Net income per common share:
 
 
 
 
 
Basic
(A/C)
 
$
0.79

 
$
0.71

Diluted
(B/D)
 
$
0.76

 
$
0.68