EARNINGS PER COMMON SHARE (Tables)

12 Months Ended

Dec. 31, 2016

Calculations of Earnings Per Common Share [Table Text Block]

The calculation of earnings per common share for the years ended December 31, 2016, 2015, and 2014 are as follows:
		Year Ended December 31,
		2016		2015		2014
(In thousands, except per share information)
Net income		$	93,229	$	21,297	$	392,287
Less: Preferred stock dividends			(223)		-		-
Favorable impact from issuing common stock in exchange for
Series A through E preferred stock (1)			-		-		1,659
Net income attributable to common stockholders		$	93,006	$	21,297	$	393,946
Weighted-Average Shares:
Average common shares outstanding			212,818		211,457		208,752
Average potential dilutive common shares			2,976		1,514		1,788
Average common shares outstanding - assuming dilution			215,794		212,971		210,540
Earnings per common share:
Basic		$	0.44	$	0.10	$	1.89
Diluted		$	0.43	$	0.10	$	1.87
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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.