XML 20 R48.htm IDEA: XBRL DOCUMENT v2.4.1.9
STOCKHOLDERS' EQUITY AND EARNINGS PER SHARE (Tables)
 12 Months Ended
Dec. 31, 2014
STOCKHOLDERS' EQUITY AND EARNINGS PER SHARE  
Earnings per share calculations
  
 
Year Ended December 31, 2014
 
Net Income
Number of Shares
Per Share Amounts
 
(In thousands, except per share data)
Net income
$
342,483

 

 

Less:
 

 

 

Preferred stock dividends
—

 

 

Earnings allocated to participating securities
(502
)
 

 

Basic EPS — income allocated to common stockholders
$
341,981

142,952

$
2.39

Effect of dilutive securities:
 

 

 

Stock options
—

67

 

Restricted stock units
287

398

 

Convertible preferred stock
—

—

 

Warrants
—

146

 

Diluted EPS — income allocated to common stockholders
$
342,268

143,563

$
2.38

 

Year Ended December 31, 2013
 

Net Income

Number of Shares

Per Share Amounts
 

(In thousands, except per share data)
Net income

$
295,045


 


 

Less:

 


 


 

Preferred stock dividends

(3,428
)

 


 

Earnings allocated to participating securities

(1,692
)

 


 

Basic EPS — income allocated to common stockholders

$
289,925


137,342


$
2.11

Effect of dilutive securities:

 


 


 

Stock options

—


71


 

Restricted stock units

196


327


 

Convertible preferred stock

3,428


1,834


 

Diluted EPS — income allocated to common stockholders

$
293,549


139,574


$
2.10


 
Year Ended December 31, 2012
 
Net Income
Number of Shares
Per Share Amounts
 
(In thousands, except per share data)
Net income
$
281,650

 

 

Less:
 

 

 

Preferred stock dividends
(6,857
)
 

 

Earnings allocated to participating securities
(3,279
)
 

 

Basic EPS — income allocated to common stockholders
$
271,514

141,457

$
1.92

Effect of dilutive securities:
 

 

 

Stock options
—

29

 

Restricted stock units
47

118

 

Convertible preferred stock
6,857

5,571

 

Diluted EPS — income allocated to common stockholders
$
278,418

147,175

$
1.89


Shares excluded from the calculation of diluted EPS:
Year Ended December 31,
 
2014
2013
2012
 
(In thousands)
Stock options
20

177

340

Restricted stock units
7

10

5

 
Schedule of accumulated other comprehensive (loss) income balances
 
2014
2013
2012
Year Ended December 31,
Investment
Securities
Available-for-Sale
Other
Investments
Accumulative
Other
Comprehensive
(Loss) Income
Investment
Securities
Available-for-Sale
Other
Investments
Accumulative
Other
Comprehensive
Income (Loss)
Investment
Securities
Available-for-Sale
Other
Investments
Foreign Currency Translation Adjustments
Accumulative
Other
Comprehensive
(Loss) Income
 
(In thousands)
Balance, beginning of the period
$
(30,538
)
$
79

$
(30,459
)
$
4,643

$
26

$
4,669

$
(34,848
)
$
8

$
900

$
(33,940
)
Net unrealized gains (losses) arising during period
41,008

(97
)
40,911

(28,169
)
336

(27,833
)
42,868

31

—

42,899

Less: reclassification adjustment for (gains) losses included in net income
(6,294
)
79

(6,215
)
(7,012
)
(283
)
(7,295
)
(439
)
(13
)
—

(452
)
Net unrealized gains (losses)
34,714

(18
)
34,696

(35,181
)
53

(35,128
)
42,429

18

—

42,447

Noncredit-related impairment loss on securities
—

—

—

—

—

—

(2,938
)
—

—

(2,938
)
Foreign currency translation adjustments
—

—

—

—

—

—

—

—

(900
)
(900
)
Balance, end of the period
$
4,176

$
61

$
4,237

$
(30,538
)
$
79

$
(30,459
)
$
4,643

$
26

$
—

$
4,669


Schedule of components of other comprehensive income (loss), reclassifications to net income by income statement line item and the related tax effects
 
 
2014
2013
2012
Year Ended December 31,
Before-Tax
Amount
Tax
Expense
or Benefit
Net-of-Tax
Amount
Before-Tax
Amount
Tax
Expense
or Benefit
Net-of-Tax
Amount
Before-Tax
Amount
Tax
Expense
or Benefit
Net-of-Tax
Amount
 
(In thousands)
Unrealized gains (losses) on investment securities available-for-sale:
 

 

 

 

 

 

Net unrealized gains (losses) arising during period
$
70,704

$
(29,696
)
$
41,008

$
(48,567
)
$
20,398

$
(28,169
)
$
73,910

$
(31,042
)
$
42,868

Less: reclassification adjustment for gains included in net income (1)
(10,851
)
4,557

(6,294
)
(12,089
)
5,077

(7,012
)
(757
)
318

(439
)
Net unrealized gains (losses)
59,853

(25,139
)
34,714

(60,656
)
25,475

(35,181
)
73,153

(30,724
)
42,429

Noncredit-related impairment loss on securities
—

—

—

—

—

—

(5,066
)
2,128

(2,938
)
Foreign currency translation adjustments
—

—

—

—

—

—

(1,552
)
652

(900
)
Unrealized (losses) gains on other investments:
Net unrealized (losses) gains arising during period
(167
)
70

(97
)
579

(243
)
336

53

(22
)
31

Less: reclassification adjustment for losses (gains) included in income (2)
136

(57
)
79

(488
)
205

(283
)
(23
)
10

(13
)
Net unrealized (losses) gains
(31
)
13

(18
)
91

(38
)
53

30

(12
)
18

Other comprehensive income (loss)
$
59,822

$
(25,126
)
$
34,696

$
(60,565
)
$
25,437

$
(35,128
)
$
66,565

$
(27,956
)
$
38,609

(1)
The pretax amount is reported in net gains on sales of investment securities in the consolidated statements of income.
(2)
The pretax income is reported in dividend and other investment income in the consolidated statements of income.