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Earnings per Share
 3 Months Ended
Mar. 31, 2017
Earnings Per Share [Abstract]  
Earnings Per Share [Text Block]
Earnings Per Share
The table below presents a reconciliation between basic and diluted weighted average shares outstanding, net income available to common shareholders and basic and diluted income per share for the three months ended March 31, 2017 and 2016:
 
 
Three Months Ended
 
 
March 31,
(In thousands, except per share amounts)
 
2017
 
2016
NUMERATOR
 
 
 
 
Net income
 
$
16,883

 
$
9,189

Preferred stock dividends
 
(1,219
)
 
(1,219
)
Net income to common shareholders
 
15,664

 
7,970

Interest on 3.25% convertible senior subordinated notes due 2017
 
392

 
385

Interest on 3.00% convertible senior subordinated notes due 2018
 
528

 
520

Diluted income available to common shareholders
 
$
16,584

 
$
8,875

DENOMINATOR
 
 
 
 
Basic weighted average shares outstanding
 
24,738

 
24,657

Effect of dilutive securities:
 
 
 
 
Stock option awards
 
332

 
168

Deferred compensation awards
 
174

 
122

3.25% convertible senior subordinated notes due 2017
 
2,416

 
2,416

3.00% convertible senior subordinated notes due 2018
 
2,669

 
2,669

Diluted weighted average shares outstanding - adjusted for assumed conversions
 
30,329

 
30,032

Earnings per common share:
 
 
 
 
Basic
 
$
0.63

 
$
0.32

Diluted
 
$
0.55

 
$
0.30

Anti-dilutive equity awards not included in the calculation of diluted earnings per common share
 
95

 
1,539


For the three months ended March 31, 2017 and 2016, the effect of convertible debt was included in the diluted earnings per share calculations.