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Earnings Per Common Share
 12 Months Ended
Dec. 31, 2016
Earnings Per Share [Abstract]  
Earnings Per Common Share
Earnings Per Common Share

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)
2016
 
2015
 
2014
Net income
 
$
71,529

 
 
$
88,075

 
 
$
95,916

Preferred stock dividends
 
(8,775
)
 
 
(8,775
)
 
 
(8,775
)
Net income available to common shareholders
 
62,754

 
 
79,300

 
 
87,141

Income allocated to participating securities
 
(566
)
 
 
(726
)
 
 
(973
)
Net income allocated to common shareholders
 
$
62,188

 
 
$
78,574

 
 
$
86,168

 
 
 
 
 
 
 
 
 
Basic weighted average common shares outstanding
100,388,802
 
 
99,612,473
 
 
98,384,443
 
Dilutive effect of stock options and restricted stock units (1) (2)
—
 
 
357,365
 
 
—
 
Diluted weighted average common shares outstanding
100,388,802
 
 
99,969,838
 
 
98,384,443
 
 
 
 
 
 
 
 
 
 
Basic EPS
 
$
0.62

 
 
$
0.79

 
 
$
0.88

Diluted EPS
 
$
0.62

 
 
$
0.79

 
 
$
0.88

(1)
Excludes options to purchase 6,247 shares of common stock which were outstanding during the year ended December 31, 2016; options to purchase 14,167 shares of common stock which were outstanding during the year ended December 31, 2015; and options to purchase 962,783 shares of common stock which were outstanding during the year ended December 31, 2014 because their inclusion would be anti-dilutive.
(2)
Excludes 740,093 unvested restricted stock units which were outstanding during the year ended December 31, 2016; 644,319 unvested restricted stock units which were outstanding during the year ended December 31, 2015; and 758,792 unvested restricted stock units outstanding during the year ended December 31, 2014 because their inclusion would be anti-dilutive.