EARNINGS PER COMMON SHARE (Tables)

12 Months Ended

Dec. 31, 2014

Calculations of Earnings Per Common Share [Table Text Block]

The calculation of earnings (losses) per common share for the years ended December 31, 2014, 2013, and 2012 are as follows:
		Year Ended December 31,
		2014		2013		2012
		(In thousands, except per share information)
Net income (loss)		$	392,287	$	(164,487)	$	29,782
Favorable impact from issuing common stock in exchange for Series G
Favorable impact from issuing common stock in exchange for
Series A through E preferred stock (1)			1,659		-		-
Net income (loss) attributable to common stockholders			393,946		(164,487)		29,782
Net income (loss) attributable to common stockholders- diluted		$	393,946	$	(164,487)	$	29,782
Weighted Average Shares:
Average common shares outstanding			208,752		205,542		205,366
Average potential dilutive common shares		1,788		-		462
Average common shares outstanding - assuming dilution			210,540		205,542		205,828
Basic earnings (loss) per common share		$	1.89	$	(0.80)	$	0.15
Diluted earnings (loss) per common share		$	1.87	$	(0.80)	$	0.14
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(1)	Excess of carrying amount of the Series A through E preferred stock exchanged over the fair value of new common
	shares issued in 2014.