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Earning Per Common Share (Tables)

6 Months Ended

Jun. 30, 2016

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

NOTE 17 – EARNINGS (LOSS) PER COMMON SHARE

The calculation of earnings (loss) per common share for the quarters and six-month periods ended June 30, 2016 and 2015 is as follows:

	Quarter Ended June 30,						Six-Month Period Ended June 30,
	2016			2015			2016			2015
	(In thousands, except per share data)						(In thousands, except per share data)
Net income (loss)	$	14,339		$	(3,109)		$	28,510		$	(6,097)
Less: Dividends on preferred stock
Non-convertible preferred stock (Series A, B, and D)		(1,629)			(1,628)			(3,256)			(3,256)
Convertible preferred stock (Series C)		(1,837)			(1,838)			(3,675)			(3,675)
Income (loss) available to common shareholders	$	10,873		$	(6,575)		$	21,579		$	(13,028)
Effect of assumed conversion of the convertible preferred stock		1,837			1,838			3,675			3,675
Income (loss) available to common shareholders assuming conversion	$	12,710		$	(4,737)		$	25,254		$	(9,353)

Weighted average common shares and share equivalents:
Average common shares outstanding		43,914			44,505			43,906			44,569
Effect of dilutive securities:
Average potential common shares-options		43			110			37			148
Average potential common shares-assuming conversion of convertible preferred stock		7,138			7,159			7,138			7,159
Total weighted average common shares outstanding and equivalents		51,095			51,774			51,081			51,876
Earnings (loss) per common share - basic	$	0.25		$	(0.15)		$	0.49		$	(0.29)
Earnings (loss) per common share - diluted	$	0.25		$	(0.15)		$	0.49		$	(0.29)