XML 36 R25.htm IDEA: XBRL DOCUMENT
v3.4.0.3

Earnings Per Common Share | 3 Months Ended
--- | ---
Mar. 31, 2016
Earnings Per Share [Abstract] |
Earnings Per Share Text Block | NOTE 18 – EARNINGS (LOSS) PER COMMON SHARE The calculation of earnings (loss) per common share for the quarters ended March 31, 2016 and 2015 is as follows:
| Quarter Ended March 31,
| 2016 |  | 2015
| (In thousands, except per share data)
Net income (loss) | $ | 14,171 |  | $ | (2,988)
Less: Dividends on preferred stock |  |  |  |  |
Non-convertible preferred stock (Series A, B, and D) |  | (1,627) |  |  | (1,628)
Convertible preferred stock (Series C) |  | (1,838) |  |  | (1,837)
Income (loss) available to common shareholders | $ | 10,706 |  | $ | (6,453)
Effect of assumed conversion of the convertible preferred stock |  | 1,838 |  |  | 1,837
Income (loss) available to common shareholders assuming conversion | $ | 12,544 |  | $ | (4,616)
Weighted average common shares and share equivalents: |  |  |  |  |
Average common shares outstanding |  | 43,898 |  |  | 44,634
Effect of dilutive securities: |  |  |  |  |
Average potential common shares-options |  | 28 |  |  | 188
Average potential common shares-assuming conversion of convertible preferred stock |  | 7,138 |  |  | 7,155
Total weighted average common shares outstanding and equivalents |  | 51,064 |  |  | 51,977
Earnings (loss) per common share - basic | $ | 0.24 |  | $ | (0.14)
Earnings (loss) per common share - diluted | $ | 0.24 |  | $ | (0.14)
In computing diluted earnings (loss) per common share, the 84,000 shares of convertible preferred stock, which remain outstanding at March 31, 2016, with a conversion rate, subject to certain conditions, of 86.4225 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 (loss) per common share, the divide nds declared during the quarters ended March 31, 2016 and 2015 on the convertible pr eferred stock were added back as income available to common shareholders. For the quarters ended March 31, 2016 and 2015, weighted-average stock options with an anti-dilutive effect on (loss) earnings per share not included in the calculation amounted to 977,823 and 390,078, respectively

X
- References No definition available. + Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1278-109256 Reference 2: 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 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
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration