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Earnings Per Share (Tables)
12 Months Ended
Dec. 31, 2011
Earnings Per Share [Abstract]  
Computation of basic and diluted earnings per common share
                         
    Year Ended December 31,  
        2011             2010             2009      
    (In thousands, except per share amounts)  

Basic EPS

       

Net income

  $ 47,704     $ 31,428     $ 16,102  

Amount allocable to common shareholders

    100.0     90.5     90.5
   

 

 

   

 

 

   

 

 

 

Net income applicable to common stock

  $ 47,704     $ 28,427     $ 14,569  

Common stock — voting

    34,420       30,573       30,678  

Common stock — non-voting

    2,586       2,586       2,586  
   

 

 

   

 

 

   

 

 

 

Basic weighted average shares outstanding

    37,006       33,159       33,264  
   

 

 

   

 

 

   

 

 

 

Basic earnings per share

  $ 1.29     $ 0.86     $ 0.44  
   

 

 

   

 

 

   

 

 

 
       

Diluted EPS

                       

Net income

  $ 47,704     $ 31,428     $ 16,102  

Basic weighted average shares outstanding

    37,006       33,159       33,264  

Effect of dilutive shares:

                       

Series B Preferred Stock

          3,500       3,500  

Stock options, restricted stock and warrants

    2,602       2,392       1,318  
   

 

 

   

 

 

   

 

 

 

Diluted weighted average shares outstanding

    39,608       39,051       38,082  
   

 

 

   

 

 

   

 

 

 

Diluted earnings per share

  $ 1.20     $ 0.80     $ 0.42