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EARNINGS PER SHARE
 12 Months Ended
Dec. 31, 2013
EARNINGS PER SHARE  
EARNINGS PER SHARE

21.          EARNINGS PER SHARE

 

The table below presents the information used to compute basic and diluted earnings per share for the years ended December 31, 2013, 2012 and 2011:

 

 

 

Year Ended December 31,

 

 

 

2013

 

2012

 

2011

 

 

 

(In thousands, except per share data)

 

 

 

 

 

 

 

 

 

Net income

 

$

172,075

 

$

47,421

 

$

36,571

 

Preferred stock dividends, accretion of discount and conversion of preferred stock to common stock

 

—

 

—

 

(83,897

)

Net income available to common shareholders

 

$

172,075

 

$

47,421

 

$

120,468

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding - basic

 

41,961

 

41,720

 

35,891

 

Dilutive effect of employee stock options and awards

 

341

 

278

 

415

 

Dilutive effect of deferred salary restricted stock units

 

1

 

64

 

16

 

Dilutive effect of Treasury warrants

 

14

 

22

 

20

 

Weighted average shares outstanding - diluted

 

42,317

 

42,084

 

36,342

 

 

 

 

 

 

 

 

 

Basic earnings per share

 

$

4.10

 

$

1.14

 

$

3.36

 

Diluted earnings per share

 

$

4.07

 

$

1.13

 

$

3.31

 

 

A total of 24,526, 316,188, and 40,166 potentially dilutive securities have been excluded from the dilutive share calculation for the year ended December 31, 2013, 2012 and 2011, respectively, as their effect was antidilutive.