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Shareholders' Equity and Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2018
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
on Securities
 
Accumulated
Unrealized
Gains on
Derivative
Instruments
 
Accumulated
Foreign
Currency
Translation
Adjustments
 
Total
Accumulated
Other
Comprehensive
Loss
Balance at April 1, 2018
$
(47,968
)
 
$
10,956

 
$
(36,083
)
 
$
(73,095
)
Other comprehensive (loss) income during the period, net of tax, before reclassifications
(6,914
)
 
1,771

 
(1,996
)
 
(7,139
)
Amount reclassified from accumulated other comprehensive loss into net income, net of tax
12

 
(979
)
 

 
(967
)
Amount reclassified from accumulated other comprehensive loss related to amortization of unrealized losses on investment securities transferred to held-to-maturity from available-for-sale, net of tax
(15
)
 

 

 
(15
)
Net other comprehensive (loss) income during the period, net of tax
$
(6,917
)
 
$
792

 
$
(1,996
)
 
$
(8,121
)
Balance at June 30, 2018
$
(54,885
)
 
$
11,748

 
$
(38,079
)
 
$
(81,216
)
 
 
 
 
 
 
 
 
Balance at January 1, 2018
$
(15,813
)
 
$
7,164

 
$
(33,186
)
 
$
(41,835
)
Cumulative effect adjustment from the adoption of:
 
 
 
 
 
 
 
ASU 2016-01
(1,880
)
 

 

 
(1,880
)
ASU 2018-02
(4,517
)
 
1,543

 

 
(2,974
)
Other comprehensive (loss) income during the period, net of tax, before reclassifications
(33,388
)
 
4,517

 
(4,893
)
 
(33,764
)
Amount reclassified from accumulated other comprehensive income (loss) into net income, net of tax
725

 
(1,476
)
 

 
(751
)
Amount reclassified from accumulated other comprehensive loss related to amortization of unrealized losses on investment securities transferred to held-to-maturity from available-for-sale, net of tax
(12
)
 

 

 
(12
)
Net other comprehensive income during the period, net of tax
$
(32,675
)
 
$
3,041

 
$
(4,893
)
 
$
(34,527
)
Balance at June 30, 2018
$
(54,885
)
 
$
11,748

 
$
(38,079
)
 
$
(81,216
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Accumulated
Unrealized
Losses
on Securities
 
Accumulated
Unrealized
Gains on
Derivative
Instruments
 
Accumulated
Foreign
Currency
Translation
Adjustments
 
Total
Accumulated
Other
Comprehensive
Loss
Balance at April 1, 2017
$
(25,663
)
 
$
5,146

 
$
(39,307
)
 
$
(59,824
)
Other comprehensive income (loss) during the period, net of tax, before reclassifications
10,683

 
(600
)
 
2,833

 
12,916

Amount reclassified from accumulated other comprehensive (loss) income into net income, net of tax
(29
)
 
413

 

 
384

Amount reclassified from accumulated other comprehensive loss related to amortization of unrealized losses on investment securities transferred to held-to-maturity from available-for-sale, net of tax
(13
)
 

 

 
(13
)
Net other comprehensive income during the period, net of tax
$
10,641

 
$
(187
)
 
$
2,833

 
$
13,287

Balance at June 30, 2017
$
(15,022
)
 
$
4,959

 
$
(36,474
)
 
$
(46,537
)
 
 
 
 
 
 
 
 
Balance at January 1, 2017
$
(29,309
)
 
$
4,165

 
$
(40,184
)
 
$
(65,328
)
Other comprehensive income during the period, net of tax, before reclassifications
15,162

 
165

 
3,710

 
19,037

Amount reclassified from accumulated other comprehensive income into net income, net of tax
5

 
629

 

 
634

Amount reclassified from accumulated other comprehensive loss related to amortization of unrealized losses on investment securities transferred to held-to-maturity from available-for-sale, net of tax
(880
)
 

 

 
(880
)
Net other comprehensive income during the period, net of tax
$
14,287

 
$
794

 
$
3,710

 
$
18,791

Balance at June 30, 2017
$
(15,022
)
 
$
4,959

 
$
(36,474
)
 
$
(46,537
)
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,
 
 
2018
 
2017
 
2018
 
2017
 
Accumulated unrealized losses on securities
 
 
 
 
 
 
 
 
 
 
(Losses) gains included in net income
 
$
(20
)
 
$
47

 
$
(995
)
 
$
(8
)
 
(Losses) gains on investment securities, net
 
 
(20
)
 
47

 
(995
)
 
(8
)
 
Income before taxes
Tax effect
 
$
8

 
$
(18
)
 
$
270

 
$
3

 
Income tax expense
Net of tax
 
$
(12
)
 
$
29

 
$
(725
)
 
$
(5
)
 
Net income
 
 
 
 
 
 
 
 
 
 
 
Accumulated unrealized losses on derivative instruments
 
 
 
 
 
 
 
 
 
 
Amount reclassified to interest expense on deposits
 
$
(1,339
)
 
$
323

 
$
(2,019
)
 
$
365

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

 
358

 

 
672

 
Interest on junior subordinated debentures
 
 
1,339

 
(681
)
 
2,019

 
(1,037
)
 
Income before taxes
Tax effect
 
$
(360
)
 
$
268

 
$
(543
)
 
$
408

 
Income tax expense
Net of tax
 
$
979

 
$
(413
)
 
$
1,476

 
$
(629
)
 
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,
2018
 
June 30,
2017
 
June 30,
2018
 
June 30,
2017
Net income
 
 
$
89,580

 
$
64,897

 
$
171,561

 
$
123,275

Less: Preferred stock dividends
 
 
2,050

 
2,050

 
4,100

 
5,678

Net income applicable to common shares—Basic
(A)
 
87,530

 
62,847

 
167,461

 
117,597

Add: Dividends on convertible preferred stock, if dilutive
 
 

 

 

 
1,578

Net income applicable to common shares—Diluted
(B)
 
87,530

 
62,847

 
167,461

 
119,175

Weighted average common shares outstanding
(C)
 
56,299

 
54,775

 
56,218

 
53,528

Effect of dilutive potential common shares
 
 
 
 
 
 
 
 
 
Common stock equivalents
 
 
928

 
927

 
909

 
994

Convertible preferred stock, if dilutive
 
 

 
885

 

 
1,987

Total dilutive potential common shares
 
 
928

 
1,812

 
909

 
2,981

Weighted average common shares and effect of dilutive potential common shares
(D)
 
57,227

 
56,587

 
57,127

 
56,509

Net income per common share:
 
 
 
 
 
 
 
 
 
Basic
(A/C)
 
$
1.55

 
$
1.15

 
$
2.98

 
$
2.20

Diluted
(B/D)
 
$
1.53

 
$
1.11

 
$
2.93

 
$
2.11