XML 62 R13.htm IDEA: XBRL DOCUMENT v3.3.0.814
Earnings Per Common Share
 9 Months Ended
Sep. 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 September 30,
 
For the Nine Months Ended September 30,
 
(In Thousands, Except Share Data)
2015
 
2014
 
 
2015
 
2014
 
Net income
 
$
18,906
 
 
 
$
18,808
 
 
 
$
69,644
 
 
$
72,657
 
 
Preferred stock dividends
 
(2,194
)
 
 
(2,194
)
 
 
(6,582
)
 
(6,582
)
 
Net income available to common shareholders
 
16,712
 
 
 
16,614
 
 
 
63,062
 
 
66,075
 
 
Income allocated to participating securities
 
(173
)
 
 
(187
)
 
 
(578
)
 
(742
)
 
Net income allocated to common shareholders
 
$
16,539
 
 
 
$
16,427
 
 
 
$
62,484
 
 
$
65,333
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic weighted average common shares outstanding
99,700,759
 
 
98,453,265
 
 
99,540,721
 
98,279,671
 
 
Dilutive effect of stock options and restricted stock units (1) (2)
366,400
 
 
—
 
 
366,400
 
—
 
 
Diluted weighted average common shares outstanding
100,067,159
 
 
98,453,265
 
 
99,907,121
 
98,279,671
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic EPS
 
 
$
0.17

 
 
 
$
0.17

 
 
 
$
0.63

 
 
$
0.66

 
Diluted EPS
 
 
$
0.17

 
 
 
$
0.17

 
 
 
$
0.63

 
 
$
0.66

 

(1)
Excludes options to purchase 12,000 shares of common stock which were outstanding during the three months ended September 30, 2015; options to purchase 988,050 shares of common stock which were outstanding during the three months ended September 30, 2014; options to purchase 14,889 shares of common stock which were outstanding during the nine months ended September 30, 2015; and options to purchase 1,016,451 shares of common stock which were outstanding during the nine months ended September 30, 2014 because their inclusion would be anti-dilutive.
(2)
Excludes 760,979 unvested restricted stock units which were outstanding during the three months ended September 30, 2015; 788,874 unvested restricted stock units which were outstanding during the three months ended September 30, 2014; 607,856 unvested restricted stock units which were outstanding during the nine months ended September 30, 2015; and 751,149 unvested restricted stock units which were outstanding during the nine months ended September 30, 2014 because the performance conditions have not been satisfied.