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EPS Calculation (Tables)
 6 Months Ended
Jun. 30, 2018
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, 2018 and 2017:
 
 
 
Three Months Ended 
 June 30,
 
Six Months Ended 
 June 30,
(In Thousands, Except Per Share Amounts)
 
2018
 
2017
 
2018
 
2017
Numerator:
 
 
 
 
 
 
 
 
Net income
 
$
70,395

 
$
79,935

 
$
153,790

 
$
157,995

Dividends declared on preferred stock
 
(3,750
)
 
(3,750
)
 
(7,500
)
 
(7,500
)
Dividends, dividend equivalents and undistributed earnings allocated to participating securities
 
(472
)
 
(459
)
 
(921
)
 
(890
)
Net income to common stockholders - basic and diluted
 
$
66,173

 
$
75,726

 
$
145,369

 
$
149,605

 
 
 
 
 
 
 
 
 
Denominator:
 
 
 
 
 
 
 
 
Weighted average common shares for basic and diluted earnings per share (1)
 
398,478

 
386,303

 
398,398

 
379,479

Basic and diluted earnings per share
 
$
0.17

 
$
0.20

 
$
0.36

 
$
0.39



(1)
At June 30, 2018, the Company had approximately 2.3 million equity instruments outstanding that were not included in the calculation of diluted EPS for the three and six months ended June 30, 2018, as their inclusion would have been anti-dilutive.  These equity instruments reflect RSUs (based on current estimate of expected share settlement amount) with a weighted average grant date fair value of $6.74. These equity instruments may have a dilutive impact on future EPS.