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EPS Calculation (Tables)
 12 Months Ended
Dec. 31, 2016
Earnings Per Share [Abstract]  
Schedule of reconciliation of the earnings and shares used in calculating basic and diluted EPS
The following table presents a reconciliation of the earnings and shares used in calculating basic and diluted EPS for the years ended December 31, 2016, 2015 and 2014:
 
 
 
For the Year Ended December 31,
(In Thousands, Except Per Share Amounts)
 
2016
 
2015
 
2014
Numerator:
 
 

 
 

 
 

Net income
 
$
312,668

 
$
313,226

 
$
313,504

Dividends declared on preferred stock
 
(15,000
)
 
(15,000
)
 
(15,000
)
Dividends, dividend equivalents and undistributed earnings allocated to participating securities
 
(1,628
)
 
(1,539
)
 
(1,106
)
Net income available to common stockholders - basic and diluted
 
$
296,040

 
$
296,687

 
$
297,398

 
 
 
 
 
 
 
Denominator:
 
 

 
 

 
 
Weighted average common shares for basic and diluted earnings per share (1)
 
371,122

 
372,114

 
369,048

Basic and diluted earnings per share
 
$
0.80

 
$
0.80

 
$
0.81



(1) At December 31, 2016, the Company had an aggregate of 2.0 million equity instruments outstanding that were not included in the calculation of diluted EPS for the year ended December 31, 2016, as their inclusion would have been anti-dilutive.  These equity instruments were comprised of approximately 29,000 shares of restricted common stock with a weighted average grant date fair value of $7.12 and approximately $2.0 million RSUs with a weighted average grant date fair value of $6.85.  These equity instruments may have a dilutive impact on future EPS.