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Shareholders' Equity and Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 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 Gains (Losses) on Securities
 
Accumulated
Unrealized
Losses on
Derivative
Instruments
 
Accumulated
Foreign
Currency
Translation
Adjustments
 
Total
Accumulated
Other
Comprehensive
Loss
Balance at April 1, 2015
$
6,094

 
$
(2,858
)
 
$
(34,327
)
 
$
(31,091
)
Other comprehensive (loss) income during the period, net of tax, before reclassifications
(32,441
)
 
(147
)
 
1,516

 
(31,072
)
Amount reclassified from accumulated other comprehensive income (loss), net of tax
14

 
278

 

 
292

Net other comprehensive (loss) income during the period, net of tax
$
(32,427
)
 
$
131

 
$
1,516

 
$
(30,780
)
Balance at June 30, 2015
$
(26,333
)
 
$
(2,727
)
 
$
(32,811
)
 
$
(61,871
)
 
 
 
 
 
 
 
 
Balance at January 1, 2015
$
(9,533
)
 
$
(2,517
)
 
$
(25,282
)
 
$
(37,332
)
Other comprehensive loss during the period, net of tax, before reclassifications
(16,496
)
 
(740
)
 
(7,529
)
 
(24,765
)
Amount reclassified from accumulated other comprehensive income (loss), net of tax
(304
)
 
530

 

 
226

Net other comprehensive loss during the period, net of tax
$
(16,800
)
 
$
(210
)
 
$
(7,529
)
 
$
(24,539
)
Balance at June 30, 2015
$
(26,333
)
 
$
(2,727
)
 
$
(32,811
)
 
$
(61,871
)
 
 
 
 
 
 
 
 
Balance at April 1, 2014
$
(39,923
)
 
$
(2,521
)
 
$
(14,309
)
 
$
(56,753
)
Other comprehensive income (loss) during the period, net of tax, before reclassifications
15,717

 
(691
)
 
6,707

 
21,733

Amount reclassified from accumulated other comprehensive income (loss), net of tax
203

 
314

 

 
517

Net other comprehensive income (loss) during the period, net of tax
$
15,920

 
$
(377
)
 
$
6,707

 
$
22,250

Balance at June 30, 2014
$
(24,003
)
 
$
(2,898
)
 
$
(7,602
)
 
$
(34,503
)
 
 
 
 
 
 
 
 
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
29,439

 
(1,047
)
 
(693
)
 
27,699

Amount reclassified from accumulated other comprehensive income (loss), net of tax
223

 
611

 

 
834

Net other comprehensive income (loss) during the period, net of tax
$
29,662

 
$
(436
)
 
$
(693
)
 
$
28,533

Balance at June 30, 2014
$
(24,003
)
 
$
(2,898
)
 
$
(7,602
)
 
$
(34,503
)
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
 
Six Months Ended
Impacted Line on the Consolidated Statements of Income
 
June 30,
 
June 30,
 
2015
 
2014
 
2015
 
2014
Accumulated unrealized losses on securities
 
 
 
 
 
 
 
 
 
(Losses) gains included in net income
 
$
(24
)
 
$
(336
)
 
$
500

 
$
(369
)
(Losses) gains on available-for-sale securities, net
 
 
(24
)
 
(336
)
 
500

 
(369
)
Income before taxes
Tax effect
 
$
10

 
$
133

 
$
(196
)
 
$
146

Income tax expense
Net of tax
 
$
(14
)
 
$
(203
)
 
$
304

 
$
(223
)
Net income
 
 
 
 
 
 
 
 
 
 
Accumulated unrealized losses on derivative instruments
 
 
 
 
 
 
 
 
 
Amount reclassified to interest expense on junior subordinated debentures
 
$
457

 
$
521

 
$
871

 
$
1,014

Interest on junior subordinated debentures
 
 
(457
)
 
(521
)
 
(871
)
 
(1,014
)
Income before taxes
Tax effect
 
$
179

 
$
207

 
$
341

 
$
403

Income tax expense
Net of tax
 
$
(278
)
 
$
(314
)
 
$
(530
)
 
$
(611
)
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
 
Six Months Ended
(In thousands, except per share data)
 
 
June 30,
2015
 
June 30,
2014
 
June 30, 2015
 
June 30, 2015
Net income
 
 
$
43,831

 
$
38,541

 
$
82,883

 
$
73,041

Less: Preferred stock dividends and discount accretion
 
 
1,580

 
1,581

 
3,161

 
3,162

Net income applicable to common shares—Basic
(A)
 
42,251

 
36,960

 
79,722

 
69,879

Add: Dividends on convertible preferred stock, if dilutive
 
 
1,580

 
1,581

 
3,161

 
3,162

Net income applicable to common shares—Diluted
(B)
 
43,831

 
38,541

 
82,883

 
73,041

Weighted average common shares outstanding
(C)
 
47,567

 
46,520

 
47,404

 
46,358

Effect of dilutive potential common shares
 
 
 
 
 
 
 
 
 
Common stock equivalents
 
 
1,085

 
1,327

 
1,149

 
1,381

Convertible preferred stock, if dilutive
 
 
3,071

 
3,075

 
3,071

 
3,075

Total dilutive potential common shares
 
 
4,156

 
4,402

 
4,220

 
4,456

Weighted average common shares and effect of dilutive potential common shares
(D)
 
51,723

 
50,922

 
51,624

 
50,814

Net income per common share:
 
 
 
 
 
 
 
 
 
Basic
(A/C)
 
$
0.89

 
$
0.79

 
$
1.68

 
$
1.51

Diluted
(B/D)
 
$
0.85

 
$
0.76

 
$
1.61

 
$
1.44