STOCKHOLDERS' EQUITY (Tables)

9 Months Ended

Sep. 30, 2012

STOCKHOLDERS' EQUITY

Earnings per share calculations

	Three Months Ended September 30, 2012
	Net Income			Number of Shares	Per Share Amounts
	(In thousands, except per share data)
Net income	$	71,110
Less:
Preferred stock dividends	(1,714		)
Earnings allocated to participating securities	(798		)
Basic EPS – income allocated to common stockholders (1)	$	68,598		139,621	$	0.49
Effect of dilutive securities:
Stock options	—			28
Restricted stock units	14			138
Convertible preferred stock	1,714			5,571
Diluted EPS – income allocated to common stockholders (1)	$	70,326		145,358	$	0.48

	Three Months Ended September 30, 2011
	Net Income			Number of Shares	Per Share Amounts
	(In thousands, except per share data)
Net income	$	62,432
Less:
Preferred stock dividends	(1,714		)
Basic EPS – income available to common stockholders	$	60,718		147,162	$	0.41
Effect of dilutive securities:
Stock options	—			37
Restricted stock awards	34			683
Convertible preferred stock	1,714			5,571
Diluted EPS – income available to common stockholders	$	62,466		153,453	$	0.41

	Nine Months Ended September 30, 2012
	Net Income			Number of Shares	Per Share Amounts
	(In thousands, except per share data)
Net income	$	209,750
Less:
Preferred stock dividends	(5,142		)
Earnings allocated to participating securities	(2,518		)
Basic EPS – income allocated to common stockholders (1)	$	202,090		142,348	$	1.42
Effect of dilutive securities:
Stock options	—			36
Restricted stock units	29			96
Convertible preferred stock	5,142			5,571
Diluted EPS – income allocated to common stockholders (1)	$	207,261		148,051	$	1.40

	Nine Months Ended September 30, 2011
	Net Income			Number of Shares	Per Share Amounts
	(In thousands, except per share data)
Net income	$	179,028
Less:
Preferred stock dividends	(5,143		)
Basic EPS – income available to common stockholders	$	173,885		147,013	$	1.18
Effect of dilutive securities:
Stock options	—			74
Restricted stock awards	75			681
Convertible preferred stock	5,143			5,571
Stock warrants	—			33
Diluted EPS – income available to common stockholders	$	179,103		153,372	$	1.17

Shares excluded from the calculation of diluted EPS

	Three Months Ended			Nine Months Ended
	September 30,			September 30,
	2012		2011	2012		2011
	(In thousands)
Stock options	320		936	350		851
Restricted stock awards	5	(1)	519	5	(1)	342

(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			Unrealized gain (loss) on
	available-for-sale			translation adjustments			other asset investment			Total
	(In thousands)
Balance, December 31, 2010	$	(13,927	)	$	1,664		$	(151	)	$	(12,414	)
Period Change	(8,356		)	(736		)	(89		)	(9,181		)
Balance, September 30, 2011	$	(22,283	)	$	928		$	(240	)	$	(21,595	)
Balance, December 31, 2011	$	(34,848	)	$	900		$	8		$	(33,940	)
Period Change	33,314			(900		)	9			32,423
Balance, September 30, 2012	$	(1,534	)	$	—		$	17		$	(1,517	)

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 September 30, 2012
Unrealized gain on investment securities available-for-sale:
Unrealized gains on holding gains arising during period	$	26,474		$	(11,119	)	$	15,355
Less: reclassification adjustment for gains included in income	(93		)	39			(54		)
Net unrealized gains	26,381			(11,080		)	15,301
Noncredit-related impairment loss on securities	—			—			—
Foreign currency translation adjustments	(1,552		)	652			(900		)
Unrealized gain on other asset investment	9			(4		)	5
Other comprehensive income	$	24,838		$	(10,432	)	$	14,406

				Tax
	Before-Tax			(Expense)			Net-of-Tax
	Amount			or Benefit			Amount
	(In thousands)
Three Months Ended September 30, 2011
Unrealized loss on investment securities available-for-sale:
Unrealized loss on holding gains arising during period	$	(41,405	)	$	17,390		$	(24,015	)
Less: reclassification adjustment for gains included in income	(3,191		)	1,341			(1,850		)
Net unrealized loss	(44,596		)	18,731			(25,865		)
Noncredit-related impairment loss on securities	—			—			—
Foreign currency translation adjustments	98			(41		)	57
Unrealized loss on other asset investment	(374		)	157			(217		)
Other comprehensive loss	$	(44,872	)	$	18,847		$	(26,025	)

				Tax
	Before-Tax			(Expense)			Net-of-Tax
	Amount			or Benefit			Amount
	(In thousands)
Nine Months Ended September 30, 2012
Unrealized gain on investment securities available-for-sale:
Unrealized gains on holding gains arising during period	$	63,150		$	(26,523	)	$	36,627
Less: reclassification adjustment for gains included in income	(647		)	272			(375		)
Net unrealized gains	62,503			(26,251		)	36,252
Noncredit-related impairment loss on securities	(5,066		)	2,128			(2,938		)
Foreign currency translation adjustments	(1,552		)	652			(900		)
Unrealized gain on other asset investment	16			(7		)	9
Other comprehensive income	$	55,901		$	(23,478	)	$	32,423

				Tax
	Before-Tax			(Expense)		Net-of-Tax
	Amount			or Benefit		Amount
	(In thousands)
Nine Months Ended September 30, 2011
Unrealized loss on investment securities available-for-sale:
Unrealized loss on holding gains arising during period	$	(2,493	)	$	1,047	$	(1,446	)
Less: reclassification adjustment for gains included in income	(6,823		)	2,866		(3,957		)
Net unrealized loss	(9,316		)	3,913		(5,403		)
Noncredit-related impairment loss on securities	(5,091		)	2,138		(2,953		)
Foreign currency translation adjustments	(1,269		)	533		(736		)
Unrealized loss on other asset investment	(153		)	64		(89		)
Other comprehensive loss	$	(15,829	)	$	6,648	$	(9,181	)