Net Income Per Common Share (Tables)

9 Months Ended

Sep. 30, 2013

Earnings Per Share, Basic and Diluted [Abstract]

Schedule of Calculation of Numerator and Denominator in Net Income Per Common Share [Table Text Block]

The following table presents the calculation of the numerator and denominator for both basic and diluted net (loss) income per common share:

	Three Months Ended
	September 30,
	2013						2012
	Net Loss			Weighted-Average Common Shares			Net Income			Weighted- Average Common Shares
Net (loss) income	$	(4,627	)				$	19,167
Preferred stock dividends	(2,294		)				(814		)
Net (loss) income to common shareholders	(6,921		)	54,903,637			18,353			54,367,349
Effect of dilutive stock options	—			—			—			866
Diluted	$	(6,921	)	54,903,637			$	18,353		54,368,215
Net (loss) income per common share:
Basic				$	(0.13	)				$	0.34
Diluted				$	(0.13	)				$	0.34

	Nine Months Ended
	September 30,
	2013					2012
	Net  Income			Weighted-Average Common Shares		Net  Income			Weighted- Average Common Shares
Net income	$	46,510				$	54,489
Preferred stock dividends	(5,608		)			(814		)
Net income to common shareholders	40,902			54,727,950		53,675			52,751,763
Effect of dilutive stock options	—			—		—			—
Diluted	$	40,902		54,727,950		$	53,675		52,751,763
Net income per common share:
Basic				$	0.75				$	1.02
Diluted (1)				$	0.75				$	1.02

(1) For the nine months ended September 30, 2012, the calculation of diluted net income per common shareexcludes the effect of 15,000 unexercised stock option awards because their inclusion would have been anti-dilutive.