The calculation of basic and diluted earnings per common share from continuing and discontinued operations follows:



	Years ended December 31,
(In thousands, except per share data)	2012			2011			2010
Earnings from continuing operations for basic and diluted earnings per common share:
Net income from continuing operations available to common shareholders	$	171,237		$	146,098		$	47,245
Less: dividends declared or accrued:
Common shareholders	(30,566		)	(13,908		)	(3,117		)
Participating shares	(134		)	(70		)	(16		)
Total undistributed income available to common shareholders	140,537			132,120			44,112
Add dividends paid to common shareholders	30,566			13,908			3,117
Less: income allocated to participating securities	(614		)	(666		)	(233		)
Net income allocated to common shareholders	$	170,489		$	145,362		$	46,996
Earnings from discontinued operations for basic and diluted earnings per common share:
Net income from discontinued operations available to common shareholders	$	—		$	1,995		$	94
Shares:
Weighted average common shares outstanding - basic	87,211			87,007			78,175
Effect of dilutive securities:
Stock options and restricted stock	281			368			264
Warrants - Series A1 and A2	4,048			4,147			3,733
Warrants - other	109			166			—
Weighted average common shares outstanding - diluted	91,649			91,688			82,172
Earnings from continuing operations per common share:
Basic	$	1.96		$	1.67		$	0.60
Diluted	1.86			1.59			0.57
Earnings from discontinued operations per common share:
Basic	—			0.02			—
Diluted	—			0.02			—
Earnings per common share:
Basic	1.96			1.69			0.60
Diluted	1.86			1.61			0.57