STOCKHOLDERS' EQUITY (Tables)

6 Months Ended

Jun. 30, 2012

STOCKHOLDERS' EQUITY

Earnings per share calculations

	Three Months Ended June 30, 2012
	Net Income			Number of Shares	Per Share Amounts
	(In thousands, except per share data)
Net income	$	70,557
Less:
Preferred stock dividends	(1,714		)
Earnings allocated to participating securities	(859		)
Basic EPS – income allocated to common stockholders (1)	$	67,984		142,107	$	0.48
Effect of dilutive securities:
Stock options	—			36
Restricted stock units	7			72
Convertible preferred stock	1,714			5,571
Diluted EPS – income allocated to common stockholders (1)	$	69,705		147,786	$	0.47

	Three Months Ended June 30, 2011
	Net Income			Number of Shares	Per Share Amounts
	(In thousands, except per share data)
Net income	$	60,525
Less:
Preferred stock dividends	(1,714		)
Basic EPS – income available to common stockholders	$	58,811		147,011	$	0.40
Effect of dilutive securities:
Stock options	—			73
Restricted stock awards	35			692
Convertible preferred stock	1,714			5,571
Diluted EPS – income available to common stockholders	$	60,560		153,347	$	0.39

	Six Months Ended June 30, 2012
	Net Income			Number of Shares	Per Share Amounts
	(In thousands, except per share data)
Net income	$	138,640
Less:
Preferred stock dividends	(3,428		)
Earnings allocated to participating securities	(1,718		)
Basic EPS – income allocated to common stockholders (1)	$	133,494		143,727	$	0.93
Effect of dilutive securities:
Stock options	—			41
Restricted stock units	15			75
Convertible preferred stock	3,428			5,571
Diluted EPS – income allocated to common stockholders (1)	$	136,937		149,414	$	0.92

	Six Months Ended June 30, 2011
	Net Income			Number of Shares	Per Share Amounts
	(In thousands, except per share data)
Net income	$	116,596
Less:
Preferred stock dividends	(3,429		)
Basic EPS – income available to common stockholders	$	113,167		146,937	$	0.77
Effect of dilutive securities:
Stock options	—			96
Restricted stock awards	41			685
Convertible preferred stock	3,429			5,571
Stock warrants	—			60
Diluted EPS – income available to common stockholders	$	116,637		153,349	$	0.76

Shares excluded from the calculation of diluted EPS

	Three Months Ended			Six Months Ended
	June 30,			June 30,
	2012		2011	2012		2011
	(In thousands)
Stock options	334		864	365		861
Restricted stock awards	1	(1)	395	2	(1)	257

(1)On April 1, 2012, the Company revised its calculation of earnings per share to account for participating securities under the two-class method.  This revision to the earnings per share calculation does not have an impact to previous periods as the amounts are immaterial.

Accumulated other comprehensive income (loss), net of tax

	Unrealized gain (loss) on
	investment securities		Foreign currency
	available-for-sale		translation adjustments		Total
			(In thousands)
Balance, December 31, 2010	$	(13,927)	$	1,513	$	(12,414)
Period Change	17,509		(665)		16,844
Balance, June 30, 2011	$	3,582	$	848	$	4,430
Balance, December 31, 2011	$	(34,848)	$	908	$	(33,940)
Period Change	18,013		4		18,017
Balance, June 30, 2012	$	(16,835)	$	912	$	(15,923)

Schedule of tax effect allocated to component of other comprehensive income

			Tax
	Before-Tax		(Expense)		Net-of-Tax
	Amount		or Benefit		Amount
			(In thousands)
Three Months Ended June 30, 2012
Unrealized gain on investment securities available-for-sale:
Unrealized gains on holding gains arising during period	$	1,728	$	(726)	$	1,002
Less: reclassification adjustment for gains included in income	(71)		30		(41)
Net unrealized gains	1,657		(696)		961
Noncredit-related impairment loss on securities	—		—		—
Foreign currency translation adjustments	(10)		4		(6)
Other comprehensive income	$	1,647	$	(692)	$	955

			Tax
	Before-Tax		(Expense)		Net-of-Tax
	Amount		or Benefit		Amount
			(In thousands)
Three Months Ended June 30, 2011
Unrealized gain on investment securities available-for-sale:
Unrealized gains on holding gains arising during period	$	26,148	$	(10,982)	$	15,166
Less: reclassification adjustment for gains included in income	(1,117)		469		(648)
Net unrealized gains	25,031		(10,513)		14,518
Noncredit-related impairment loss on securities	—		—		—
Foreign currency translation adjustments	116		(49)		67
Other comprehensive income	$	25,147	$	(10,562)	$	14,585

			Tax
	Before-Tax		(Expense)		Net-of-Tax
	Amount		or Benefit		Amount
			(In thousands)
Six Months Ended June 30, 2012
Unrealized gain on investment securities available-for-sale:
Unrealized gains on holding gains arising during period	$	36,676	$	(15,404)	$	21,272
Less: reclassification adjustment for gains included in income	(554)		233		(321)
Net unrealized gains	36,122		(15,171)		20,951
Noncredit-related impairment loss on securities	(5,066)		2,128		(2,938)
Foreign currency translation adjustments	7		(3)		4
Other comprehensive income	$	31,063	$	(13,046)	$	18,017

			Tax
	Before-Tax		(Expense)		Net-of-Tax
	Amount		or Benefit		Amount
			(In thousands)
Six months ended June 30, 2011
Unrealized gain on investment securities available-for-sale:
Unrealized gains on holding gains arising during period	$	38,911	$	(16,342)	$		22,569
Less: reclassification adjustment for gains included in income	(3,632)		1,526		(2,107)
Net unrealized gains	35,279		(14,816)		20,462
Noncredit-related impairment loss on securities	(5,091)		2,138		(2,953)
Foreign currency translation adjustments	(1,147)		482		(665)
Other comprehensive income	$	29,041	$	(12,196)	$	16,844