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Earnings Per Common Share
 6 Months Ended
Jun. 30, 2015
Earnings Per Share [Abstract]  
Earnings Per Common Share
Earnings Per Common Share

The following table is a reconciliation of basic and diluted earnings per common share, or EPS.
  
 
For the Three Months Ended June 30,
 
For the Six Months Ended June 30,
 
(In Thousands, Except Share Data)
2015
 
2014
 
 
2015
 
2014
 
Net income
 
$
31,431
 
 
 
$
22,300
 
 
 
$
50,738
 
 
$
53,849
 
 
Preferred stock dividends
 
(2,194
)
 
 
(2,194
)
 
 
(4,388
)
 
(4,388
)
 
Net income available to common shareholders
 
29,237
 
 
 
20,106
 
 
 
46,350
 
 
49,461
 
 
Income allocated to participating securities
 
(295
)
 
 
(232
)
 
 
(394
)
 
(552
)
 
Net income allocated to common shareholders
 
$
28,942
 
 
 
$
19,874
 
 
 
$
45,956
 
 
$
48,909
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic weighted average common shares outstanding
99,664,442
 
 
98,275,886
 
 
99,459,376
 
98,191,434
 
 
Dilutive effect of stock options and restricted stock units (1) (2)
—
 
 
—
 
 
—
 
—
 
 
Diluted weighted average common shares outstanding
99,664,442
 
 
98,275,886
 
 
99,459,376
 
98,191,434
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic EPS
 
 
$
0.29

 
 
 
$
0.20

 
 
 
$
0.46

 
 
$
0.50

 
Diluted EPS
 
 
$
0.29

 
 
 
$
0.20

 
 
 
$
0.46

 
 
$
0.50

 
 
(1)
Excludes options to purchase 12,000 shares of common stock which were outstanding during the three months ended June 30, 2015; options to purchase 1,011,219 shares of common stock which were outstanding during the three months ended June 30, 2014; options to purchase 16,334 shares of common stock which were outstanding during the six months ended June 30, 2015; and options to purchase 1,030,651 shares of common stock which were outstanding during the six months ended June 30, 2014 because their inclusion would be anti-dilutive.
(2)
Excludes 1,029,336 unvested restricted stock units which were outstanding during the three months ended June 30, 2015; 803,318 unvested restricted stock units which were outstanding during the three months ended June 30, 2014; 896,425 unvested restricted stock units which were outstanding during the six months ended June 30, 2015; and 731,973 unvested restricted stock units which were outstanding during the six months ended June 30, 2014 because the performance conditions have not been satisfied.