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EARNINGS PER COMMON SHARE (Tables)
12 Months Ended
Dec. 31, 2020
Earnings Per Share [Abstract]  
Calculations of Earnings Per Common Share [Table Text Block]

The calculations of earnings per common share for the years ended December 31, 2020, 2019, and 2018 are as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31,

 

 

 

 

 

 

 

 

 

 

 

2020

 

2019

 

2018

 

(In thousands, except per share information)

 

 

Net income

$

102,273

 

$

167,377

 

$

201,608

 

Less: Preferred stock dividends

 

(2,676)

 

 

(2,676)

 

 

(2,676)

 

Net income attributable to common stockholders

$

99,597

 

$

164,701

 

$

198,932

 

Weighted-Average Shares:

 

 

 

 

 

 

 

 

 

Average common shares outstanding

 

216,904

 

 

216,614

 

 

215,709

 

Average potential dilutive common shares

 

764

 

 

520

 

 

968

 

Average common shares outstanding - assuming dilution

 

217,668

 

 

217,134

 

 

216,677

 

 

 

 

 

 

 

 

 

 

 

 

Earnings per common share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

$

0.46

 

$

0.76

 

$

0.92

 

 

 

 

 

 

 

 

 

 

 

 

Diluted

$

0.46

 

$

0.76

 

$

0.92