XML 78 R56.htm IDEA: XBRL DOCUMENT v3.3.1.900
Earnings Per Share (Tables)
12 Months Ended
Dec. 31, 2015
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 2015 , 2014 and 2013:
 
(In thousands, except per share data)
 
  
 
2015
 
2014
 
2013
Net income
 
 
 
$
156,749

 
$
151,398

 
$
137,210

Less: Preferred stock dividends and discount accretion
 
 
 
10,869

 
6,323

 
8,395

Net income applicable to common shares—Basic
 
(A)
 
$
145,880

 
$
145,075

 
$
128,815

Add: Dividends on convertible preferred stock, if dilutive
 
 
 
6,314

 
6,323

 
8,325

Net income applicable to common shares—Diluted
 
(B)
 
$
152,194

 
$
151,398

 
$
137,140

Weighted average common shares outstanding
 
(C)
 
47,838

 
46,524

 
38,699

Effect of dilutive potential common shares:
 
 
 
 
 
 
 
 
Common stock equivalents
 
 
 
1,029

 
1,246

 
7,108

Convertible preferred stock, if dilutive
 
 
 
3,070

 
3,075

 
4,141

Total dilutive potential common shares
 
 
 
4,099

 
4,321

 
11,249

Weighted average common shares and effect of dilutive potential common shares
 
(D)
 
51,937

 
50,845

 
49,948

Net income per common share:
 
 
 
 
 
 
 
 
Basic
 
(A/C)
 
$
3.05

 
$
3.12

 
$
3.33

Diluted
 
(B/D)
 
2.93

 
2.98

 
2.75