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Earnings Per Common Share (Tables)
9 Months Ended
Sep. 30, 2012
Earnings Per Share [Abstract]  
Earnings Per Share Basic And Diluted
The calculation of basic and diluted earnings per common share from continuing and discontinued operations follows:
 
Three months ended
 
Nine Months Ended
 
September 30,
 
September 30,
(In thousands, except per share data)
2012
 
2011
 
2012
 
2011
Earnings from continuing operations for basic and diluted earnings per common share:
 
 
 
 
 
 
 
Net income from continuing operations available to common shareholders
$
44,378

 
$
41,400

 
$
123,326

 
$
106,507

Less: dividends declared or accrued:
 
 
 
 
 
 
 
Common shareholders
(8,737
)
 
(4,348
)
 
(21,820
)
 
(9,564
)
Participating shares
(37
)
 
(23
)
 
(102
)
 
(50
)
Total undistributed income available to common shareholders
35,604

 
37,029

 
101,404

 
96,893

Add dividends paid to common shareholders
8,737

 
4,348

 
21,820

 
9,564

Less: income allocated to participating securities
(149
)
 
(198
)
 
(470
)
 
(499
)
Net income allocated to common shareholders
$
44,192

 
$
41,179

 
$
122,754

 
$
105,958

Earnings from discontinued operations for basic and diluted earnings per common share:
 
 
 
 
 
 
 
Net income from discontinued operations available to common shareholders
$

 
$

 
$

 
$
1,995

Shares:
 
 
 
 
 
 
 
Weighted average common shares outstanding - basic
87,394

 
87,046

 
87,301

 
86,978

Effect of dilutive securities:
 
 
 
 
 
 
 
Stock options and restricted stock
260

 
362

 
281

 
383

Warrants - Series A1 and A2
4,114

 
3,797

 
4,060

 
4,593

Warrants - other
116

 

 
112

 

Weighted average common shares outstanding - diluted
91,884

 
91,205

 
91,754

 
91,954

Earnings from continuing operations per common share:
 
 
 
 
 
 
 
Basic
$
0.51

 
$
0.48

 
$
1.41

 
$
1.22

Diluted
0.48

 
0.45

 
1.34

 
1.15

Earnings from discontinued operations per common share:
 
 
 
 
 
 
 
Basic

 

 

 
0.02

Diluted

 

 

 
0.02

Earnings per common share:
 
 
 
 
 
 
 
Basic
0.51

 
0.48

 
1.41

 
1.24

Diluted
0.48

 
0.45

 
1.34

 
1.17