XML 35 R37.htm IDEA: XBRL DOCUMENT v3.3.0.814
Shareholders' Equity and Earnings Per Share (Tables)
9 Months Ended
Sep. 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 July 1, 2015
$
(26,333
)
 
$
(2,727
)
 
$
(32,811
)
 
$
(61,871
)
Other comprehensive income (loss) during the period, net of tax, before reclassifications
18,995

 
(287
)
 
(6,337
)
 
12,371

Amount reclassified from accumulated other comprehensive income (loss), net of tax
60

 
347

 

 
407

Net other comprehensive income (loss) during the period, net of tax
$
19,055

 
$
60

 
$
(6,337
)
 
$
12,778

Balance at September 30, 2015
$
(7,278
)
 
$
(2,667
)
 
$
(39,148
)
 
$
(49,093
)
 
 
 
 
 
 
 
 
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
2,499

 
(1,027
)
 
(13,866
)
 
(12,394
)
Amount reclassified from accumulated other comprehensive income (loss), net of tax
(244
)
 
877

 

 
633

Net other comprehensive income (loss) during the period, net of tax
$
2,255

 
$
(150
)
 
$
(13,866
)
 
$
(11,761
)
Balance at September 30, 2015
$
(7,278
)
 
$
(2,667
)
 
$
(39,148
)
 
$
(49,093
)
 
 
 
 
 
 
 
 
Balance at July 1, 2014
$
(24,003
)
 
$
(2,898
)
 
$
(7,602
)
 
$
(34,503
)
Other comprehensive income (loss) during the period, net of tax, before reclassifications
812

 
252

 
(9,685
)
 
(8,621
)
Amount reclassified from accumulated other comprehensive income (loss), net of tax
91

 
333

 

 
424

Net other comprehensive income (loss) during the period, net of tax
$
903

 
$
585

 
$
(9,685
)
 
$
(8,197
)
Balance at September 30, 2014
$
(23,100
)
 
$
(2,313
)
 
$
(17,287
)
 
$
(42,700
)
 
 
 
 
 
 
 
 
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
30,251

 
(795
)
 
(10,378
)
 
19,078

Amount reclassified from accumulated other comprehensive income (loss), net of tax
314

 
944

 

 
1,258

Net other comprehensive income (loss) during the period, net of tax
$
30,565

 
$
149

 
$
(10,378
)
 
$
20,336

Balance at September 30, 2014
$
(23,100
)
 
$
(2,313
)
 
$
(17,287
)
 
$
(42,700
)
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
 
Nine Months Ended
Impacted Line on the Consolidated Statements of Income
 
September 30,
 
September 30,
 
2015
 
2014
 
2015
 
2014
Accumulated unrealized losses on securities
 
 
 
 
 
 
 
 
 
(Losses) gains included in net income
 
$
(98
)
 
$
(153
)
 
$
402

 
$
(522
)
(Losses) gains on available-for-sale securities, net
 
 
(98
)
 
(153
)
 
402

 
(522
)
Income before taxes
Tax effect
 
$
38

 
$
62

 
$
(158
)
 
$
208

Income tax expense
Net of tax
 
$
(60
)
 
$
(91
)
 
$
244

 
$
(314
)
Net income
 
 
 
 
 
 
 
 
 
 
Accumulated unrealized losses on derivative instruments
 
 
 
 
 
 
 
 
 
Amount reclassified to interest expense on deposits
 
$
92

 
$

 
$
92

 
$

Interest on deposits
Amount reclassified to interest expense on junior subordinated debentures
 
479

 
553

 
$
1,350

 
$
1,567

Interest on junior subordinated debentures
 
 
(571
)
 
(553
)
 
(1,442
)
 
(1,567
)
Income before taxes
Tax effect
 
$
224

 
$
220

 
$
565

 
$
623

Income tax expense
Net of tax
 
$
(347
)
 
$
(333
)
 
$
(877
)
 
$
(944
)
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
 
Nine Months Ended
(In thousands, except per share data)
 
 
September 30,
2015
 
September 30,
2014
 
September 30,
2015
 
September 30,
2014
Net income
 
 
$
38,355

 
$
40,224

 
$
121,238

 
$
113,265

Less: Preferred stock dividends and discount accretion
 
 
4,079

 
1,581

 
7,240

 
4,743

Net income applicable to common shares—Basic
(A)
 
34,276

 
38,643

 
113,998

 
108,522

Add: Dividends on convertible preferred stock, if dilutive
 
 
1,579

 
1,581

 
4,740

 
4,743

Net income applicable to common shares—Diluted
(B)
 
35,855

 
40,224

 
118,738

 
113,265

Weighted average common shares outstanding
(C)
 
48,158

 
46,639

 
47,658

 
46,453

Effect of dilutive potential common shares
 
 
 
 
 
 
 
 
 
Common stock equivalents
 
 
978

 
1,166

 
1,070

 
1,274

Convertible preferred stock, if dilutive
 
 
3,071

 
3,075

 
3,071

 
3,075

Total dilutive potential common shares
 
 
4,049

 
4,241

 
4,141

 
4,349

Weighted average common shares and effect of dilutive potential common shares
(D)
 
52,207

 
50,880

 
51,799

 
50,802

Net income per common share:
 
 
 
 
 
 
 
 
 
Basic
(A/C)
 
$
0.71

 
$
0.83

 
$
2.39

 
$
2.34

Diluted
(B/D)
 
$
0.69

 
$
0.79

 
$
2.29

 
$
2.23