STOCKHOLDERS' EQUITY AND EARNINGS PER SHARE (Tables)

12 Months Ended

Dec. 31, 2012

STOCKHOLDERS' EQUITY AND EARNINGS PER SHARE

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, 2009	$	602		$	(29	)	$	26		$	599
Period Change	(14,529		)	1,693			(177		)	(13,013		)
Balance, December 31, 2010	$	(13,927	)	$	1,664		$	(151	)	$	(12,414	)
Period Change	(20,921		)	(764		)	159			(21,526		)
Balance, December 31, 2011	$	(34,848	)	$	900		$	8		$	(33,940	)
Period Change	39,491			(900		)	18			38,609
Balance, December 31, 2012	$	4,643		$	—		$	26		$	4,669

Schedule of tax effect allocated to component of other comprehensive income

				Tax
	Before-Tax			(Expense)			Net-of-Tax
	Amount			or Benefit			Amount
				(In thousands)
For the year ended December 31, 2012
Unrealized gain on investment securities available-for-sale:
Unrealized holding gains arising during period	$	73,910		$	(31,042	)	$	42,868
Less: reclassification adjustment for gains included in income	(757		)	318			(439		)
Net unrealized gains	73,153			(30,724		)	42,429
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	53			(22		)	31
Less: reclassification adjustment for gains included in income	(23		)	10			(13		)
Other comprehensive income	$	66,565		$	(27,956	)	$	38,609
				Tax
	Before-Tax			(Expense)			Net-of-Tax
	Amount			or Benefit			Amount
				(In thousands)
For the year ended December 31, 2011
Unrealized loss on investment securities available-for-sale:
Unrealized holding loss arising during period	$	(21,264	)	$	8,931		$	(12,333	)
Less: reclassification adjustment for gains included in income	(9,703		)	4,075			(5,628		)
Net unrealized loss	(30,967		)	13,006			(17,961		)
Noncredit-related impairment loss on securities	(5,103		)	2,143			(2,960		)
Foreign currency translation adjustments	(1,317		)	553			(764		)
Unrealized gain on other asset investment	334			(140		)	194
Less: reclassification adjustment for gains included in income	(61		)	26			(35		)
Other comprehensive loss	$	(37,114	)	$	15,588		$	(21,526	)
				Tax
	Before-Tax			(Expense)			Net-of-Tax
	Amount			or Benefit			Amount
				(In thousands)
For the year ended December 31, 2010
Unrealized loss on investment securities available-for-sale:
Unrealized holding gains arising during period	$	21,645		$	(9,091	)	$	12,554
Less: reclassification adjustment for gains included in income	(31,237		)	13,120			(18,117		)
Net unrealized loss	(9,592		)	4,029			(5,563		)
Noncredit-related impairment loss on securities	(15,458		)	6,492			(8,966		)
Foreign currency translation adjustments	2,919			(1,226		)	1,693
Unrealized loss on other asset investment	(305		)	128			(177		)
Less: reclassification adjustment for gains included in income	—			—			—
Other comprehensive loss	$	(22,436	)	$	9,423		$	(13,013	)

Earnings per share calculations

				Number	Per
				of	Share
	Net Income			Shares	Amounts
	(In thousands, except per share data)
2012
Net income	$	281,065
Less:
Preferred stock dividends	(6,857		)
Earnings allocated to participating securities	(3,271		)
Basic EPS – income allocated to common stockholders(1)	$	270,937		141,457	$	1.92
Effect of dilutive securities:
Stock options	—			29
Restricted stock units	47			118
Convertible preferred stock	6,857			5,571
Diluted EPS – income allocated to common stockholders(1)	$	277,841		147,175	$	1.89
2011
Net income	$	245,234
Less:
Preferred stock dividends	(6,857		)
Basic EPS – income available to common stockholders	$	238,377		147,093	$	1.62
Effect of dilutive securities:
Stock options	—			62
Restricted stock awards	115			718
Convertible preferred stock	6,857			5,571
Stock warrants	—			23
Diluted EPS – income available to common stockholders	$	245,349		153,467	$	1.60
2010
Net income	$	164,564
Less:
Preferred stock dividends and amortization of preferred stock discount	(43,126		)
Basic EPS – income available to common stockholders	121,438			137,478	$	0.88
Effect of dilutive securities:
Stock options	—			142
Restricted stock awards	15			370
Convertible preferred stock	—			8,936
Stock warrants	—			176
Diluted EPS – income available to common stockholders	$	121,453		147,102	$	0.83

Shares excluded from the calculation of diluted EPS

	For the Year Ended
	2012		2011	2010
	(In thousands)
Convertible preferred stock	—		—	5,573
Stock options	340		857	1,043
Restricted stock awards	5	(1)	317	326

(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.