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Earnings Per Common Share | 12 Months Ended
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Dec. 31, 2011
Earnings Per Share [Abstract] |
Earnings Per Common Share | Earnings per Common Share Basic earnings per share (“EPS”) is computed by dividing income applicable to common shareholders by the weighted average number of common shares outstanding for the period. Common shares outstanding include common stock and vested restricted stock awards where recipients have satisfied the vesting terms. Diluted EPS reflects the assumed conversion of all dilutive securities, applying the treasury stock method. The Company calculates earnings per share using the two-class method as described in the Earnings per Share topic of the FASB ASC. The following table sets forth the computation of basic and diluted earnings per share for the periods indicated:
|  | Year Ended December 31,
|  | 2011 |  | 2010 |  | 2009
|  | (in thousands except per share)
Basic EPS: |  |  |  |  |  |
Net income (loss) |  | $ | 48,037 |  |  | $ | 30,784 |  |  | $ | (3,968 | )
Less: Preferred dividends and accretion of issuance discount for preferred stock |  | — |  |  | (4,947) |  |  | (4,403 | )
Net income (loss) applicable to common shareholders |  | $ | 48,037 |  |  | $ | 25,837 |  |  | $ | (8,371 | )
Less: Earnings allocated to participating securities |  | (450 | ) |  | (244) |  |  | (16) |
Earnings (loss) allocated to common shareholders |  | $ | 47,587 |  |  | $ | 25,593 |  |  | $ | (8,387 | )
Weighted average common shares outstanding |  | 39,103 |  |  | 35,209 |  |  | 21,854 |
Basic earnings (loss) per common share |  | $ | 1.22 |  |  | $ | 0.73 |  |  | $ | (0.38 | )
Diluted EPS: |  |  |  |  |  |
Earnings (loss) allocated to common shareholders (1) |  | $ | 47,588 |  |  | $ | 25,593 |  |  | $ | (8,410 | )
Weighted average common shares outstanding |  | 39,103 |  |  | 35,209 |  |  | 21,854 |
Dilutive effect of equity awards and warrants |  | 77 |  |  | 183 |  |  | — |
Weighted average diluted common shares outstanding (2) |  | 39,180 |  |  | 35,392 |  |  | 21,854 |
Diluted earnings (loss) per common share |  | $ | 1.21 |  |  | $ | 0.72 |  |  | $ | (0.38 | )
Potentially dilutive share options that were not included in the computation of diluted EPS because to do so would be anti-dilutive. |  | 53 |  |  | 54 |  |  | 754 |

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6920599&loc=d3e1252-109256 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 55 -Paragraph 52 -URI http://asc.fasb.org/extlink&oid=6945512&loc=d3e4984-109258 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 128 -Paragraph 40 -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 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6920599&loc=d3e1278-109256 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.21) -URI http://asc.fasb.org/extlink&oid=6880815&loc=d3e20235-122688 + Details
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