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Shareholders Equity (Tables)
6 Months Ended
Jun. 30, 2014
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted
The reconciliation between basic and diluted EPS using the two-class method and treasury stock method is presented as follows:
 
Three Months Ended June 30,
 
Six Months Ended June 30,
(In thousands)
2014
 
2013
 
2014
 
2013
Basic EPS:
 
 
 
 
 
 
 
Net income
$
59,519

 
$
48,450

 
$
112,974

 
$
85,796

Less:
 
 
 
 
 
 
 
Cash dividends on 5.875% non-cumulative perpetual series A, Preferred Stock
1,469

 
1,469

 
2,938

 
2,399

Income allocated to participating securities
489

 
383

 
926

 
813

Net income attributable to common shareholders
$
57,561

 
$
46,598

 
$
109,110

 
$
82,584

Weighted average Common Stock outstanding used in basic EPS
165,335

 
157,863

 
165,198

 
133,909

Basic net income per common share
$
0.35

 
$
0.30

 
$
0.66

 
$
0.62

 
 
 
 
 
 
 
 
Diluted EPS:
 
 
 
 
 
 
 
Income used in diluted earnings per share calculation
$
57,561

 
$
46,598

 
$
109,110

 
$
82,584

 
 
 
 
 
 
 
 
Weighted average Common Stock outstanding used in basic EPS
165,335

 
157,863

 
165,198

 
133,909

Add: Common Stock equivalents:
 
 
 
 
 
 
 
Warrant and stock plans
812

 
527

 
854

 
497

Weighted average Common and Common Stock equivalent shares outstanding
166,147

 
158,390

 
166,052

 
134,406

Diluted net income per share
$
0.35

 
$
0.29

 
$
0.66

 
$
0.61