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Income Per Common Share (Tables)

6 Months Ended

Jun. 30, 2012

Income Per Common Share [Abstract]

Computation of basic and diluted net income per share

(Dollars in Thousands, Except Per Share Amounts)

		Six Months Ended June 30,								Three Months Ended June 30,
		2012				2011				2012				2011
Numerator:
Net income		$	40,336			$	49,548			$	26,033			$	28,645
Dividends on Series B Preferred			(240	)			(240	)			—				—
Dividends on Series D Preferred			(60	)			(60	)			—				—
Dividends on Noncumulative Preferred			—				(5	)			—				—
Total dividends on preferred stocks			(300	)			(305	)			—				—
Numerator for basic net income per common share — net income applicable to common stock			40,036				49,243				26,033				28,645
Dividends on preferred stocks assumed to be converted, if dilutive			300				305				—				—
Interest expense including amortization of debt issuance costs, net of income taxes, on convertible debt assumed to be converted, if dilutive			—				290				—				25
Numerator for diluted net income per common share		$	40,336			$	49,838			$	26,033			$	28,670
Denominator:
Denominator for basic net income per common share — weighted-average shares			22,332,303				21,656,508				22,340,826				22,133,217
Effective of dilutive securities:
Convertible preferred stocks			917,346				935,626				916,666				935,626
Stock options			266,776				359,158				251,838				362,634
Convertible notes payable			—				534,146				—				95,000
Dilutive potential common shares			1,184,122				1,828,930				1,168,504				1,393,260
Denominator for diluted net income per common share — adjusted weighted-average shares and assumed conversions			23,516,425				23,485,438				23,509,330				23,526,477
Basic net income per common share		$	1.79			$	2.27			$	1.17			$	1.29
Diluted net income per common share		$	1.72			$	2.12			$	1.11			$	1.22

Antidilutive securities excluded from computation of earning per share

		Six Months Ended June 30,								Three Months Ended June 30,
		2012				2011				2012				2011
Stock options			254,000				—				254,000				—

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- Definition

Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 260

-SubTopic 10

-Section 50

-Paragraph 1

-Subparagraph (c)

-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257



Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 128

-Paragraph 40

-Subparagraph c

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

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- Definition

Tabular disclosure of the numerators and the denominators of the basic and diluted per-share (or per-unit) computations for income from continuing operations, including the effect that has been given to preferred dividends.

+ References

Reference 1: 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

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