XML 51 R30.htm IDEA: XBRL DOCUMENT
v2.3.0.15

STOCKHOLDERS' EQUITY (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2011
STOCKHOLDERS' EQUITY [Abstract] |
Earnings (loss) per share calculations | The following table sets forth earnings per share calculations for the three and nine months ended September 30, 2011 and 2010:
|  | Three Months Ended September 30, |
|  | 2011 |  |  | 2010 |
|  | Net Income |  |  |  |  |  |  |  |  | Net Income |  |  |  |  |  |  |
|  | Available to |  |  | Number |  |  | Per |  |  | Available to |  |  | Number |  |  | Per |
|  | Common |  |  | of |  |  | Share |  |  | Common |  |  | of |  |  | Share |
|  | Stockholders |  |  | Shares |  |  | Amounts |  |  | Stockholders |  |  | Shares |  |  | Amounts |
|  | (In thousands, except per share data) |
Net income |  | $ | 62,432 |  |  |  |  |  |  |  |  | $ | 46,951 |  |  |  |  |  |  |
Less: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Preferred stock dividends and amortization of preferred stock discount |  |  | (1,714 | ) |  |  |  |  |  |  |  |  | (6,732 | ) |  |  |  |  |  |
Basic EPS – income available to common stockholders |  | $ | 60,718 |  |  |  | 147,162 |  |  | $ | 0.41 |  |  | $ | 40,219 |  |  |  | 146,454 |  |  | $ | 0.27 |
Effect of dilutive securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Stock options |  |  | - |  |  |  | 37 |  |  |  |  |  |  |  | - |  |  |  | 126 |  |  |  |  |
Restricted stock |  |  | 34 |  |  |  | 683 |  |  |  |  |  |  |  | 4 |  |  |  | 430 |  |  |  |  |
Convertible preferred stock |  |  | 1,714 |  |  |  | 5,571 |  |  |  |  |  |  |  | - |  |  |  | - |  |  |  |  |
Stock warrants |  |  | - |  |  |  | - |  |  |  |  |  |  |  | - |  |  |  | 103 |  |  |  |  |
Diluted EPS – income available to common stockholders |  | $ | 62,466 |  |  |  | 153,453 |  |  | $ | 0.41 |  |  | $ | 40,223 |  |  |  | 147,113 |  |  | $ | 0.27 |
|  | Nine Months Ended September 30, |
|  | 2011 |  |  | 2010 |
|  | Net Income |  |  |  |  |  |  |  |  | Net Income |  |  |  |  |  |  |
|  | Available to |  |  | Number |  |  | Per |  |  | Available to |  |  | Number |  |  | Per |
|  | Common |  |  | of |  |  | Share |  |  | Common |  |  | of |  |  | Share |
|  | Stockholders |  |  | Shares |  |  | Amounts |  |  | Stockholders |  |  | Shares |  |  | Amounts |
|  | (In thousands, except per share data) |
Net income |  | $ | 179,028 |  |  |  |  |  |  |  |  | $ | 108,215 |  |  |  |  |  |  |
Less: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Preferred stock dividends and amortization of preferred stock discount |  |  | (5,143 | ) |  |  |  |  |  |  |  |  | (19,017 | ) |  |  |  |  |  |
Basic EPS – income available to common stockholders |  | $ | 173,885 |  |  |  | 147,013 |  |  | $ | 1.18 |  |  | $ | 89,198 |  |  |  | 134,396 |  |  | $ | 0.66 |
Effect of dilutive securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Stock options |  |  | - |  |  |  | 74 |  |  |  |  |  |  |  | - |  |  |  | 150 |  |  |  |  |
Restricted stock |  |  | 75 |  |  |  | 681 |  |  |  |  |  |  |  | 10 |  |  |  | 344 |  |  |  |  |
Convertible preferred stock |  |  | 5,143 |  |  |  | 5,571 |  |  |  |  |  |  |  | - |  |  |  | 11,947 |  |  |  |  |
Stock warrants |  |  | - |  |  |  | 33 |  |  |  |  |  |  |  | - |  |  |  | 156 |  |  |  |  |
Diluted EPS – income available to common stockholders |  | $ | 179,103 |  |  |  | 153,372 |  |  | $ | 1.17 |  |  | $ | 89,208 |  |  |  | 146,993 |  |  | $ | 0.61 |
Shares excluded from the calculation of diluted EPS | The following outstanding convertible preferred stock, stock options, and restricted stock for the three and nine months ended September 30, 2011 and 2010, respectively, were excluded from the computation of diluted EPS because including them would have had an antidilutive effect.
|  | Three Months Ended |  |  | Nine Months Ended |
|  | September 30, |  |  | September 30, |
|  | 2011 |  |  | 2010 |  |  | 2011 |  |  | 2010 |
|  | (In thousands) |
Convertible preferred stock |  |  | - |  |  |  | 5,573 |  |  |  | - |  |  |  | 5,573 |
Stock options |  |  | 936 |  |  |  | 1,087 |  |  |  | 851 |  |  |  | 1,083 |
Restricted stock |  |  | 519 |  |  |  | 32 |  |  |  | 342 |  |  |  | 271 |

X
- Definition Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 128 -Paragraph 40 -Subparagraph c -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
Name: | us-gaap_ScheduleOfAntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareTextBlock
Namespace Prefix: | us-gaap
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the numerators and the denominators of the basic and diluted per-share (or per-unit) computations for income from continuing operations, including the effect that has been given to preferred dividends. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Topic 260 -SubTopic 10 -Publisher FASB -Number -Article -Subparagraph (a) -Name Accounting Standards Codification -Paragraph 1 -Section 50 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
Name: | us-gaap_ScheduleOfCalculationOfNumeratorAndDenominatorInEarningsPerShareTableTextBlock
Namespace Prefix: | us-gaap
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_StockholdersEquityAbstract
Namespace Prefix: | us-gaap
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration