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EPS Calculation (Tables)
 6 Months Ended
Jun. 30, 2016
Earnings Per Share [Abstract]  
Schedule of reconciliation of the earnings and shares used in calculating basic and diluted EPS
The following table presents a reconciliation of the earnings and shares used in calculating basic and diluted EPS for the three and six months ended June 30, 2016 and 2015:
 
 
 
Three Months Ended 
 June 30,
 
Six Months Ended 
 June 30,
(In Thousands, Except Per Share Amounts)
 
2016
 
2015
 
2016
 
2015
Numerator:
 
 
 
 
 
 
 
 
Net income
 
$
78,950

 
$
78,071

 
$
157,020

 
$
160,244

Dividends declared on preferred stock
 
(3,750
)
 
(3,750
)
 
(7,500
)
 
(7,500
)
Dividends, dividend equivalents and undistributed earnings allocated to participating securities
 
(421
)
 
(391
)
 
(814
)
 
(786
)
Net income to common stockholders - basic and diluted
 
$
74,779

 
$
73,930

 
$
148,706

 
$
151,958

 
 
 
 
 
 
 
 
 
Denominator:
 
 
 
 
 
 
 
 
Weighted average common shares for basic and diluted earnings per share (1)
 
373,023

 
370,164

 
372,946

 
371,992

Basic and diluted earnings per share
 
$
0.20

 
$
0.20

 
$
0.40

 
$
0.41



(1)
At June 30, 2016, the Company had an aggregate of 2.1 million equity instruments outstanding that were not included in the calculation of diluted EPS for the three and six months ended June 30, 2016, as their inclusion would have been anti-dilutive.  These equity instruments were comprised of approximately 80,429 shares of restricted common stock with a weighted average grant date fair value of $7.32 and approximately 2.1 million RSUs with a weighted average grant date fair value of $6.84.  These equity instruments may have a dilutive impact on future EPS.