EPS Calculation (Tables)

6 Months Ended

Jun. 30, 2012

EPS Calculation

Schedule of reconciliation of the earnings and shares used in calculating basic and diluted EPS

	Three Months Ended						Six Months Ended
	June 30,						June 30,
(In Thousands, Except Per Share Amounts)	2012			2011			2012			2011
Numerator:
Net income	$	74,766		$	79,286		$	159,479		$	162,151
Dividends declared on preferred stock	(2,040		)	(2,040		)	(4,080		)	(4,080		)
Dividends, DERs and undistributed earnings allocated to participating securities(1)	(395		)	(369		)	(811		)	(749		)
Net income to common stockholders - basic and diluted	$	72,331		$	76,877		$	154,588		$	157,322
Denominator:
Weighted average common shares for basic and diluted earnings per share (2)	356,598			355,364			356,382			326,815
Basic and diluted earnings per share	$	0.20		$	0.22		$	0.43		$	0.48

(1) There were no undistributed earnings to allocate to participating securities for the three and six months ended June 30, 2012 and June 30, 2011, as the Company declared its common stock dividend during the respective quarters.

(2) At June 30, 2012, the Company had an aggregate of 2.0 million equity instruments outstanding that were not included in the calculation of diluted EPS for the three and six months ended June 30, 2012, as their inclusion would have been anti-dilutive.  These equity instruments were comprised of 432,000 stock options with a weighted average exercise price of $10.11 and a weighted average remaining contractual life of 1.4 years, approximately 600,000 shares of restricted common stock with a weighted average grant date fair value of $6.98 and approximately 933,000 RSUs with a weighted average grant date fair value of $7.28.  These equity instruments may have a dilutive impact on future EPS.