Earning Per Common Share (Tables)

12 Months Ended

Dec. 31, 2014

The calculation of earnings per common share for the years ended December 31, 2014, 2013 and 2012 is as follows:

	Year ended December 31 ,
	2014		2013		2012
	(In thousands, except per share data)
Net income	$	85,181	$	98,446	$	24,555
Less: Dividends on preferred stock
Non-convertible preferred stock (Series A, B, and D)		(6,512)		(6,512)		(6,264)
Convertible preferred stock (Series C)		(7,350)		(7,350)		(3,675)
Income available to common shareholders	$	71,319	$	84,584	$	14,616
Effect of assumed conversion of the convertible ' ' preferred stock		7,350		7,350		3,675
Income available to common shareholders assuming conversion	$	78,669	$	91,934	$	18,291

Weighted average common shares and share equivalents:
Average common shares outstanding		45,024		45,706		41,626
Effect of dilutive securities:
Average potential common shares-options		155		189		109
Average potential common shares-assuming ' ' conversion of convertible preferred stock		7,147		7,138		3,569
Total weighted average common shares ' 'outstanding and equivalents		52,326		53,033		45,304
Earnings per common share - basic	$	1.58	$	1.85	$	0.35
Earnings per common share - diluted	$	1.50	$	1.73	$	0.35