Earnings Per Share

9 Months Ended

Sep. 30, 2016

Earnings Per Share [Abstract]

Earnings Per Share

Note 9 – Earnings Per Share

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				Nine Months Ended
	September 30				September 30
(Dollars and shares in thousands, except per share data)	2016		2015		2016		2015
Net income/(loss)	$	67,635	$	63,332	$	180,788	$	45,884
Net income attributable to noncontrolling interest		2,883		2,977		8,586		8,586
Net income/(loss) attributable to controlling interest		64,752		60,355		172,202		37,298
Preferred stock dividends		1,550		1,550		4,650		4,650
Net income/(loss) available to common shareholders	$	63,202	$	58,805	$	167,552	$	32,648
Weighted average common shares outstanding - basic		231,856		233,111		232,690		232,910
Effect of dilutive securities		2,236		1,947		2,085		1,928
Weighted average common shares outstanding - diluted		234,092		235,058		234,775		234,838
Net income/(loss) per share available to common shareholders	$	0.27	$	0.25	$	0.72	$	0.14
Diluted income/(loss) per share available to common shareholders	$	0.27	$	0.25	$	0.71	$	0.14

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				Nine Months Ended
	September 30				September 30
(Shares in thousands)	2016		2015		2016		2015
Anti-dilutive stock options		2,793		3,569		2,996		3,559
Weighted average exercise price of anti-dilutive stock options	$	24.95	$	24.22	$	25.21	$	24.46
Anti-dilutive other equity awards		371		124		51		58