Earnings per share calculations |
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Income
Available to Common Stockholders |
|
Number of Shares |
|
Per Share Amounts |
|
|
|
(In thousands, except per share data)
|
|
2011 |
|
|
|
|
|
|
|
|
|
|
Net income |
|
$ |
245,234 |
|
|
147,093 |
|
|
|
|
Less: |
|
|
|
|
|
|
|
|
|
|
Preferred stock dividends and amortization of preferred stock discount |
|
|
(6,857 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic EPS—income available to common stockholders |
|
$ |
238,377 |
|
|
147,093 |
|
$ |
1.62 |
|
Effect of dilutive securities: |
|
|
|
|
|
|
|
|
|
|
Stock options |
|
|
— |
|
|
62 |
|
|
|
|
Restricted stock |
|
|
115 |
|
|
718 |
|
|
|
|
Convertible preferred stock |
|
|
6,857 |
|
|
5,571 |
|
|
|
|
Stock warrants |
|
|
— |
|
|
23 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Diluted EPS—income available to common stockholders |
|
$ |
245,349 |
|
|
153,467 |
|
$ |
1.60 |
|
2010 |
|
|
|
|
|
|
|
|
|
|
Net income |
|
$ |
164,564 |
|
|
137,478 |
|
|
|
|
Less: |
|
|
|
|
|
|
|
|
|
|
Preferred stock dividends and amortization of preferred stock discount |
|
|
(43,126 |
) |
|
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic EPS—income available to common stockholders |
|
$ |
121,438 |
|
|
137,478 |
|
$ |
0.88 |
|
Effect of dilutive securities: |
|
|
|
|
|
|
|
|
|
|
Stock options |
|
|
— |
|
|
142 |
|
|
|
|
Restricted stock |
|
|
15 |
|
|
370 |
|
|
|
|
Convertible preferred stock |
|
|
— |
|
|
8,936 |
|
|
|
|
Stock warrants |
|
|
— |
|
|
176 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Diluted EPS—income available to common stockholders |
|
$ |
121,453 |
|
|
147,102 |
|
$ |
0.83 |
|
|
|
|
|
|
|
|
|
|
2009 |
|
|
|
|
|
|
|
|
|
|
Net income before extraordinary item |
|
$ |
82,008 |
|
|
78,770 |
|
|
|
|
Less: |
|
|
|
|
|
|
|
|
|
|
Preferred stock dividends, amortization of preferred stock discount and inducement of preferred stock conversion |
|
|
(49,115 |
) |
|
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
Income available to common stockholders before extraordinary item |
|
|
32,893 |
|
|
78,770 |
|
$ |
0.42 |
|
Extraordinary item—impact of descuritization |
|
|
(5,366 |
) |
|
78,770 |
|
|
(0.07 |
) |
|
|
|
|
|
|
|
|
|
Basic EPS—income available to common stockholders after extraordinary item |
|
|
27,527 |
|
|
78,770 |
|
$ |
0.35 |
|
Effect of dilutive securities: |
|
|
|
|
|
|
|
|
|
|
Stock options |
|
|
— |
|
|
15 |
|
|
|
|
Restricted stock |
|
|
— |
|
|
51 |
|
|
|
|
Convertible preferred stock |
|
|
— |
|
|
5,687 |
|
|
|
|
Stock warrants |
|
|
— |
|
|
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
Income available to common stockholders before extraordinary item |
|
$ |
32,893 |
|
|
84,523 |
|
$ |
0.39 |
|
Income impact of assumed conversions |
|
|
2 |
|
|
— |
|
|
|
|
Extraordinary item—impact of descuritization |
|
|
(5,366 |
) |
|
84,523 |
|
$ |
(0.06 |
) |
|
|
|
|
|
|
|
|
|
Diluted EPS—income available to common stockholders after extraordinary item plus assumed conversions |
|
$ |
27,529 |
|
|
84,523 |
|
$ |
0.33 |
|
|
|
|
|
|
|
|
|
|
| |
|