Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2016

Earnings Per Share [Abstract]

Schedule of Reconciliation of Net Income/(Loss) to Net Income/(Loss) Available to Common Shareholders

The following table provides reconciliations of net income to net income available to common shareholders and the difference between average basic common shares outstanding and average diluted common shares outstanding:
	Three Months Ended				Six Months Ended
	June 30				June 30
(Dollars and shares in thousands, except per share data)	2016		2015		2016		2015
Net income/(loss)	$	60,940	$	54,957	$	113,153	$	(17,448)
Net income attributable to noncontrolling interest		2,852		2,851		5,703		5,609
Net income/(loss) attributable to controlling interest		58,088		52,106		107,450		(23,057)
Preferred stock dividends		1,550		1,550		3,100		3,100
Net income/(loss) available to common shareholders	$	56,538	$	50,556	$	104,350	$	(26,157)
Weighted average common shares outstanding - basic		231,573		232,800		233,112		232,808
Effect of dilutive securities (a)		2,003		1,869		2,009		-
Weighted average common shares outstanding - diluted		233,576		234,669		235,121		232,808
Net income/(loss) per share available to common shareholders	$	0.24	$	0.22	$	0.45	$	(0.11)
Diluted income/(loss) per share available to common shareholders	$	0.24	$	0.22	$	0.44	$	(0.11)

For the six months ended June 30, 2015 all potential common shares were antidilutive due to the net loss available to common shareholders.

Schedule Of Anti-Dilutive Options and Awards

The following table presents outstanding options and other equity awards that were excluded from the calculation of diluted earnings per share because they were either anti-dilutive (the exercise price was higher than the weighted-average market price for the period) or the performance conditions have not been met:
	Three Months Ended				Six Months Ended
	June 30				June 30
(Shares in thousands)	2016		2015		2016		2015 (a)
Anti-dilutive stock options		3,842		3,597		3,804		7,763
Weighted average exercise price of anti-dilutive stock options	$	22.68	$	24.26	$	23.06	$	17.17
Anti-dilutive other equity awards		959		51		867		2,167

For the six months ended June 30, 2015 all potential common shares were antidilutive due to the net loss available to common shareholders.