Stockholders' Equity (Tables)

3 Months Ended

Mar. 31, 2015

Stockholders' Equity

Components of basic and diluted earnings per share

	Three months ended
	March 31,
	2015		2014
	(in thousands, except per share amounts)
Net income	$	67,113	74,864
Weighted average shares outstanding, basic and diluted	83,581		85,019
Earnings per share, basic and diluted	0.80		0.88

Summary of other comprehensive income (loss) activity

Three months ended March 31, 2015	Unrealized gains on investment securities			Change in valuation allowance for unrealized gains (losses) on investment securities		Pension and postretirement benefits		Total accumulated other comprehensive income (loss)
	(in thousands)
Balance at December 31, 2014	$	(727	)	(1,471	)	(48,245	)	(50,443	)
Other comprehensive income before reclassification	(327		)	(189	)	—		(516	)
Amount reclassified from accumulated other comprehensive income	1,475			851		943		3,269
Net current period other comprehensive income (loss)	1,148			662		943		2,753
Balance at March 31, 2015	$	421		(809	)	(47,302	)	(47,690	)

Three months ended March 31, 2014	Unrealized gains on investment securities			Change in valuation allowance for unrealized gains (losses) on investment securities		Pension and postretirement benefits		Total accumulated other comprehensive income (loss)
	(in thousands)
Balance at December 31, 2013	$	3,150		810		(19,819	)	(15,859	)
Other comprehensive income before reclassification	307			176		—		483
Amount reclassified from accumulated other comprehensive income	(748		)	(434	)	347		(835	)
Net current period other comprehensive income	(441		)	(258	)	347		(352	)
Balance at March 31, 2014	$	2,709		552		(19,472	)	(16,211	)

Summary of reclassifications from accumulated other comprehensive income (loss) and included in net income

	For the three months ended March 31, 2015
	Pre-tax			Tax (expense) benefit		Net of tax		Statement of income line item
	(in thousands)
Reclassifications included in net income:
Realized gain on sale of available for sale investment securities	$	(2,345	)	870		(1,475	)	Investment and other income
Valuation allowance	—			(851	)	(851	)	Provision for income taxes
Amortization of pension and postretirement benefits	(1,498		)	555		(943	)	Underwriting and distribution expense and Compensation and related costs
Total	$	(3,843	)	574		(3,269	)

	For the three months ended March 31, 2014
	Pre-tax			Tax (expense) benefit		Net of tax		Statement of income line item
	(in thousands)
Reclassifications included in net income:
Realized gain on sale of available for sale investment securities	$	1,182		(434	)	748		Investment and other income
Valuation allowance	—			434		434		Provision for income taxes
Amortization of pension and postretirement benefits	(552		)	205		(347	)	Underwriting and distribution expense and Compensation and related costs
Total	$	630		205		835