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Earning Per Common Share (Tables)

3 Months Ended

Mar. 31, 2016

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted [Table 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)