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Earnings Per Common Share (Tables)
12 Months Ended
Dec. 31, 2014
Earnings Per Share [Abstract]  
Reconciliation of basic and diluted EPS
The following table is a reconciliation of basic and diluted EPS for the years indicated.
 
 
For the Year Ended December 31,
(In Thousands, Except Share Data)
2014
 
2013
 
2012
Net income
$
95,916

 
$
66,593

 
$
53,091

Preferred stock dividends
(8,775
)
 
(7,214
)
 

Net income available to common shareholders
87,141

 
59,379

 
53,091

Income allocated to participating securities
(973
)
 
(720
)
 
(463
)
Net income allocated to common shareholders
$
86,168

 
$
58,659

 
$
52,628

 
 
 
 
 
 
Basic weighted average common shares outstanding
98,384,443

 
97,121,497

 
95,455,344

Dilutive effect of stock options and restricted stock units (1) (2)

 

 

Diluted weighted average common shares outstanding
98,384,443

 
97,121,497

 
95,455,344

 
 
 
 
 
 
Basic EPS
$
0.88

 
$
0.60

 
$
0.55

Diluted EPS
$
0.88

 
$
0.60

 
$
0.55

 
(1)
Excludes options to purchase 962,783 shares of common stock which were outstanding during the year ended December 31, 2014; options to purchase 2,096,708 shares of common stock which were outstanding during the year ended December 31, 2013; and options to purchase 5,495,748 shares of common stock which were outstanding during the year ended December 31, 2012 because their inclusion would be anti-dilutive.
 (2)
Excludes 758,792 unvested restricted stock units which were outstanding during the year ended December 31, 2014 and 387,791 unvested restricted stock units which were outstanding during the year ended December 31, 2013 because the performance conditions have not been satisfied.  There were no unvested restricted stock units outstanding during the year ended December 31, 2012.