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Earnings per Share | 6 Months Ended
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Jun. 30, 2013
Earnings Per Share [Abstract] |
Earnings Per Share [Text Block] | Earnings Per Share The table below presents a reconciliation between basic and diluted weighted average shares outstanding, net income available to common shareholders and basic and diluted income per share for the three and six months ended June 30, 2013 and 2012:
| Three Months Ended |  | Six Months Ended
| June 30, |  | June 30,
(In thousands, except per share amounts) | 2013 |  | 2012 |  | 2013 |  | 2012
NUMERATOR |  |  |  |  |  |  |
Net income | $ | 7,264 |  |  | $ | 3,204 |  |  | $ | 11,851 |  |  | $ | 18 |
Preferred stock dividends | (1,219 | ) |  | — |  |  | (1,219 | ) |  | — |
Excess of fair value over book value of preferred shares redeemed | — |  |  | — |  |  | (2,190 | ) |  | — |
Net income to common shareholders | 6,045 |  |  | 3,204 |  |  | 8,442 |  |  | 18 |
DENOMINATOR |  |  |  |  |  |  |
Basic weighted average shares outstanding | 24,271 |  |  | 18,833 |  |  | 23,278 |  |  | 18,803 |
Effect of dilutive securities: |  |  |  |  |  |  |
Stock option awards | 262 |  |  | 74 |  |  | 278 |  |  | 61 |
Deferred compensation awards | 113 |  |  | 124 |  |  | 115 |  |  | 134 |
Diluted weighted average shares outstanding - adjusted for assumed conversions | 24,646 |  |  | 19,031 |  |  | 23,671 |  |  | 18,998 |
Earnings per common share |  |  |  |  |  |  |
Basic | $ | 0.25 |  |  | $ | 0.17 |  |  | $ | 0.36 |  |  | $ | — |
Diluted | $ | 0.25 |  |  | $ | 0.17 |  |  | $ | 0.36 |  |  | $ | — |
Anti-dilutive equity awards not included in the calculation of diluted earnings per common share | 998 |  |  | 1,635 |  |  | 928 |  |  | 1,287 |
During the second quarter of 2013, the Company declared a cash dividend of $609.375 per preferred share on its 2,000 outstanding Series A Preferred Shares. The dividend was paid on June 17, 2013 to holders of record as of June 1, 2013 for $1.2 million in cash. In March 2013, the Company announced its intention to redeem 2,000 of its outstanding Series A Preferred Shares and recognized a $2.2 million non-cash equity charge in the first quarter of 2013 related to the excess of fair value over carrying value relating primarily to the original issuance costs that were paid in 2007. This charge reduced net income to common shareholders in the earnings per share calculation above for the six month period ended June 30, 2013. On April 10, 2013, the Company redeemed the 2,000 Series A Preferred Shares for $50.4 million in cash. In March 2013, the Company also issued 2.461 million common shares in a public offering at a price of $23.50 per share (for net proceeds of $54.6 million), which shares are included above in our total basic weighted average shares outstanding for the six month period ended June 30, 2013. For the three and six months ended June 30, 2013, the effect of convertible debt was not included in the diluted earnings per share calculations as its assumed conversion would have been anti-dilutive.

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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 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 2: 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=7655603&loc=d3e1278-109256 Reference 3: 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=7655603&loc=d3e1252-109256 Reference 4: 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=32703322&loc=d3e4984-109258 Reference 5: 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=26872669&loc=d3e20235-122688 + Details
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