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NET INCOME PER COMMON SHARE (Tables)
12 Months Ended
Dec. 31, 2011
Schedule of Earnings Per Share Reconciliation
The following table presents a reconciliation of net income and shares used in calculating basic and diluted earnings per share for the years ended December 31, 2011, 2010, and 2009.
 
   
For the years ended
(amounts in thousands)
 
   
December 31, 2011
   
December 31, 2010
   
December 31, 2009
 
Net income
  $ 344,461     $ 1,267,280     $ 1,961,471  
Less: Preferred stock dividends
    16,854       18,033       18,501  
Net income available to common shareholders, prior to
  adjustment for Series B dividends, if necessary
    327,607       1,249,247       1,942,970  
Add: Preferred Series B dividends, if dilutive
    -       3,440       3,908  
Add:  Interest on Convertible Senior Note, if dilutive
    -       21,333       -  
Net income available to common shareholders, as adjusted
  $ 327,607     $ 1,274,020     $ 1,946,878  
Weighted average shares of common stock
  outstanding-basic
    874,212       588,193       546,973  
Add:  Effect of dilutive stock options, Series B Cumulative Convertible Preferred Stock and Convertible Senior Notes, if dilutive
      307         37,114         6,158  
Weighted average shares of common  stock outstanding-diluted
    874,519       625,307       553,131