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Earnings Per Common Share | 9 Months Ended
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Sep. 30, 2014
Earnings Per Share [Abstract] |
Earnings Per Share Text Block | NOTE 1 6 – EARNINGS PER COMMON SHARE The calculation of earnings per common share for the quarters and nine-month periods ended September 3 0, 201 4 and 201 3 is as
| Quarter ended September 30 , |  | Nine-Month Period Ended September 30,
| 2014 |  | 2013 |  | 2014 |  | 2013
| (In thousands, except per share data)
Net income | $ | 19,532 |  | $ | 19,621 |  | $ | 64,588 |  | $ | 78,352
Less: Dividends on preferred stock |  |  |  |  |  |  |  |  |  |  |
Non-convertible preferred stock (Series A, B, and D) |  | (1,627) |  |  | (1,628) |  |  | (4,882) |  |  | (4,884)
Convertible preferred stock (Series C) |  | (1,838) |  |  | (1,837) |  |  | (5,514) |  |  | (5,512)
Income available to common shareholders | $ | 16,067 |  | $ | 16,156 |  | $ | 54,192 |  | $ | 67,956
Effect of assumed conversion of the convertible ' ' preferred stock |  | 1,838 |  |  | 1,837 |  |  | 5,514 |  |  | 5,512
Income available to common shareholders assuming conversion | $ | 17,905 |  | $ | 17,993 |  | $ | 59,706 |  | $ | 73,468
Weighted average common shares and share equivalents: |  |  |  |  |  |  |  |  |  |  |
Average common shares outstanding |  | 45,055 |  |  | 45,927 |  |  | 45,131 |  |  | 45,717
Effect of dilutive securities: |  |  |  |  |  |  |  |  |  |  |
Average potential common shares-options |  | 160 |  |  | 257 |  |  | 162 |  |  | 198
Average potential common shares-assuming ' ' conversion of convertible preferred stock |  | 7,147 |  |  | 7,138 |  |  | 7,147 |  |  | 7,138
Total weighted average common shares ' 'outstanding and equivalents |  | 52,362 |  |  | 53,322 |  |  | 52,440 |  |  | 53,053
Earnings per common share - basic | $ | 0.36 |  | $ | 0.35 |  | $ | 1.20 |  | $ | 1.49
Earnings per common share - diluted | $ | 0.34 |  | $ | 0.34 |  | $ | 1.14 |  | $ | 1.39
In computing diluted earnings per common share, the 84,000 shares of convertible preferred s tock, which remain outstanding at September 3 0, 2014, with a conversion rate, subject to certain conditions, of 85.2719 shares of common stock per share, were included as average potential common shares from the date they were issued and outstanding. Moreover, in computing diluted earnings per common share, the dividends declared during the quarters ended September 30, 2014 and 2013 on the convertible preferred s tock were added back as income available to common shareholders. For the quarters ended September 30, 2014 and 2013, weighted-average stock options with an anti-dilutive effect on earnings per share not included in the calculation amounted to 3 97,766 and 196,425, respectivel y. For the nine-month periods ended September 30, 2014 and 2013, weighted-average stock options with an anti-dilutive effect on earnings per share not included in the calculation amounted to 3 25,994 and 233,775, respectively.

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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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