EARNINGS PER COMMON SHARE (Tables)

12 Months Ended

Dec. 31, 2021

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, 2021, 2020, and 2019 are as follows:

Year Ended December 31,

2021

2020

2019

(In thousands, except per share information)

Net income 

$

281,025

$

102,273

$

167,377

Less: Preferred stock dividends 

(2,453)

(2,676)

(2,676)

Less: Excess of redemption value over carrying value of Series A through E 

 Preferred Stock redeemed

(1,234)

-

-

Net income attributable to common stockholders

$

277,338

$

99,597

$

164,701

Weighted-Average Shares:

 Average common shares outstanding

210,122

216,904

216,614

 Average potential dilutive common shares 

1,178

764

520

 Average common shares outstanding - assuming dilution

211,300

217,668

217,134

Earnings per common share:

Basic 

$

1.32

$

0.46

$

0.76

Diluted 

$

1.31

$

0.46

$

0.76