XML 60 R44.htm IDEA: XBRL DOCUMENT v3.6.0.2
Earnings Per Common Share (Tables)
12 Months Ended
Dec. 31, 2016
Earnings Per Share [Abstract]  
Earnings Per Share Basic And Diluted
Reconciliation of the calculation of basic and diluted earnings per common share follows:
 
Years ended December 31,
(In thousands, except per share data)
2016

2015

2014
Earnings for basic and diluted earnings per common share:





Net income
$
207,127


$
204,729

 
$
199,726

Less: Preferred stock dividends
8,096


8,711

 
10,556

Net income available to common shareholders
199,031


196,018

 
189,170

Less: Earnings applicable to participating securities
608


657

 
674

Earnings applicable to common shareholders
$
198,423


$
195,361

 
$
188,496

Shares:
 
 
 
 
 
Weighted-average common shares outstanding - basic
91,367

 
90,968

 
89,899

Effect of dilutive securities:
 
 
 
 
 
Stock options and restricted stock
461

 
524

 
466

Warrants
28

 
41

 
255

Weighted-average common shares outstanding - diluted
91,856

 
91,533

 
90,620

Earnings per common share:
 
 
 
 
 
Basic
$
2.17

 
$
2.15

 
$
2.10

Diluted
2.16

 
2.13

 
2.08

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share
Potential common shares excluded from the effect of dilutive securities because they would have been anti-dilutive, are as follows:
 
Years ended December 31,
(In thousands)
2016
 
2015
 
2014
Stock options (shares with exercise price greater than market price)
41

 
213

 
587

Restricted stock (due to performance conditions on non-participating shares)
125

 
92

 
171