Earning Per Common Share (Tables)

9 Months Ended

Sep. 30, 2014

The calculation of earnings per common share for the quarters and nine-month periods ended September 30, 2014 and 2013 is as follows:

	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