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NET INCOME PER COMMON SHARE (Tables)
12 Months Ended
Dec. 31, 2012
Schedule of Earnings Per Share Reconciliation
The following table presents a reconciliation of net income and shares used in calculating basic and diluted earnings per share for the years ended December 31, 2012, 2011, and 2010.
 
   
For the years ended
(amounts in thousands)
 
   
December 31,
2012
   
December 31,
2011
   
December 31,
2010
 
Net income
  $ 1,735,900     $ 344,461     $ 1,267,280  
Less: Preferred stock dividends
    39,530       16,854       18,033  
Net income (loss) available to common shareholders, prior to
  adjustment for dilutive potential common shares, if necessary
    1,696,370       327,607       1,249,247  
Add: Preferred Series B dividends, if dilutive
    -       -       3,440  
Add:  Interest on Convertible Senior Notes, if dilutive
    27,843       -       21,333  
Net income available to common shareholders, as adjusted
  $ 1,724,213     $ 327,607     $ 1,274,020  
Weighted average shares of common stock
  outstanding-basic
    972,902       874,212       588,193  
Add:  Effect of dilutive stock options, Series B Preferred Stock and Convertible Senior Notes, if dilutive
    32,853       307       37,114  
Weighted average shares of common  stock outstanding-diluted
    1,005,755       874,519       625,307