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Earnings Per Share | 6 Months Ended
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Jun. 30, 2013
Earnings Per Share [Abstract] |
Earnings Per Share | Note 10 — Earnings Per Share U.S. GAAP requires the Company to use the two-class method in computing basic earnings per share since holders of the Company’s restricted stock have the right to share in dividends, if declared, equally with common stockholders. These participating securities effect the computation of both basic and diluted earnings per share during periods of net income. A summary of the numerator and denominator of the basic and diluted earnings per common share is presented below:
|  | Three Months Ended |  |  | Three Months Ended |
|  | June 30, 2013 |  |  | June 30, 2012 |
|  | Income |  |  | Shares |  |  | Per Share |  |  | Income |  |  | Shares |  |  | Per Share |
|  | (Numerator) |  |  | (Denominator) |  |  | Amount |  |  | (Numerator) |  |  | (Denominator) |  |  | Amount |
Net income |  | $ | 16,235 |  |  |  |  |  |  |  |  |  |  | $ | 7,262 |  |  |  |  |  |  |  |  |
Less: Preferred stock dividends |  |  | (32 | ) |  |  |  |  |  |  |  |  |  |  | (63 | ) |  |  |  |  |  |  |  |
Less: Income attributable to participating securities |  |  | (763 | ) |  |  |  |  |  |  |  |  |  |  | (87 | ) |  |  |  |  |  |  |  |
Basic Earnings Per Share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Income allocated to common stockholders |  |  | 15,440 |  |  |  | 10,687 |  |  | $ | 1.44 |  |  |  | 7,112 |  |  |  | 8,325 |  |  | $ | 0.85 |
Effect of Dilutive Securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Stock options |  |  | — |  |  |  | 162 |  |  |  |  |  |  |  | — |  |  |  | 215 |  |  |  |  |
Convertible preferred stock |  |  | 32 |  |  |  | 199 |  |  |  |  |  |  |  | 63 |  |  |  | 705 |  |  |  |  |
Warrants |  |  | — |  |  |  | — |  |  |  |  |  |  |  | — |  |  |  | 406 |  |  |  |  |
Diluted Earnings Per Share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Income available to common stockholders and assumed conversions |  | $ | 15,472 |  |  |  | 11,048 |  |  | $ | 1.40 |  |  | $ | 7,175 |  |  |  | 9,651 |  |  | $ | 0.74 |
|  | Six Months Ended |  |  | Six Months Ended |
|  | June 30, 2013 |  |  | June 30, 2012 |
|  | Income |  |  | Shares |  |  | Per Share |  |  | Income |  |  | Shares |  |  | Per Share |
|  | (Numerator) |  |  | (Denominator) |  |  | Amount |  |  | (Numerator) |  |  | (Denominator) |  |  | Amount |
Net income |  | $ | 36,622 |  |  |  |  |  |  |  |  |  |  | $ | 14,230 |  |  |  |  |  |  |  |  |
Less: Preferred stock dividends |  |  | (66 | ) |  |  |  |  |  |  |  |  |  |  | (244 | ) |  |  |  |  |  |  |  |
Less: Income attributable to participating securities |  |  | (1,274 | ) |  |  |  |  |  |  |  |  |  |  | (105 | ) |  |  |  |  |  |  |  |
Basic Earnings Per Share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Income allocated to common stockholders |  |  | 35,282 |  |  |  | 10,669 |  |  | $ | 3.31 |  |  |  | 13,881 |  |  |  | 7,326 |  |  | $ | 1.89 |
Effect of Dilutive Securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Stock options |  |  | — |  |  |  | 160 |  |  |  |  |  |  |  | — |  |  |  | 229 |  |  |  |  |
Convertible preferred stock |  |  | 66 |  |  |  | 210 |  |  |  |  |  |  |  | 244 |  |  |  | 956 |  |  |  |  |
Warrants |  |  | — |  |  |  | — |  |  |  |  |  |  |  | — |  |  |  | 303 |  |  |  |  |
Diluted Earnings Per Share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Income available to common stockholders and assumed conversions |  | $ | 35,348 |  |  |  | 11,039 |  |  | $ | 3.20 |  |  | $ | 14,125 |  |  |  | 8,814 |  |  | $ | 1.60

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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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