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Consolidated Statements of Stockholders' Equity and Comprehensive Loss (USD $)
In Thousands
Total
Preferred Stock
Common Stock
Additional Paid in Capital
Accumulated Other Comprehensive Income (Loss)
Retained Earnings (Accumulated Deficit)
Beginning Balance at Dec. 31, 2008 $ 472,293   $ 84 $ 119,776 $ (81,742) $ 434,175
Net loss (496,678)         (496,678)
Reclassification of gain on sale of securities available-for-sale (5,775)       (5,775)  
Reclassification of loss on securities available-for-sale due to other-than-temporary impairment 13,486       13,486  
Change in net unrealized loss on securities available-for-sale 58,682       58,682  
Total comprehensive loss (430,285)          
Cumulative effect for adoption of new guidance for other-than-temporary impairments recognition on debt securities         (32,914) 32,914
Issuance of preferred stock 507,494 507,494        
Issuance of common stock   (268,577) 375 268,202    
Issuance of common stock to management 5,321   7 5,314    
Reclassification of Treasury Warrants 49,673     49,673    
Issuance of common stock for exercise of May Warrants 4,376   3 4,373    
Restricted stock issued (45)     (45)    
Dividends on preferred stock (12,259)         (12,259)
Accretion of preferred stock   4,864       (4,864)
Stock-based compensation 622     622    
Tax effect from stock-based compensation (466)     (466)    
Ending Balance at Dec. 31, 2009 596,724 243,781 469 447,449 (48,263) (46,712)
Net loss (374,813)         (374,813)
Reclassification of gain on sale of securities available-for-sale (6,689)       (6,689)  
Reclassification of loss on securities available-for-sale due to other-than-temporary impairment 4,991       4,991  
Change in net unrealized loss on securities available-for-sale 33,796       33,796  
Total comprehensive loss (342,715)          
Issuance of preferred stock 274,984 274,984        
Conversion of preferred stock   (274,984) 142 274,842    
Issuance of common stock 737,642   4,914 732,728    
Restricted stock issued (12)     (12)    
Dividends on preferred stock (13,334)         (13,334)
Accretion of preferred stock   5,415       (5,415)
Stock-based compensation 6,374   8 6,366    
Ending Balance at Dec. 31, 2010 1,259,663 249,196 5,533 1,461,373 (16,165) (440,274)
Net loss (181,778)         (181,778)
Reclassification of loss on securities available-for-sale due to other-than-temporary impairment 24,039       24,039  
Change in net unrealized loss on securities available-for-sale (15,693)       (15,693)  
Total comprehensive loss (173,432)          
Restricted stock issued     2 (2)    
Dividends on preferred stock (11,628)         (11,628)
Accretion of preferred stock   5,536       (5,536)
Stock-based compensation 5,113   23 5,090    
Ending Balance at Dec. 31, 2011 $ 1,079,716 $ 254,732 $ 5,558 $ 1,466,461 $ (7,819) $ (639,216)