Note 8 - Earnings per Share

The following tables show a reconciliation of the numerators used in calculating basic and diluted earnings/(loss) per share attributable to common shareholders:


	Three Months Ended September 30					Nine Months Ended September 30
(Dollars in thousands)	2011		2010			2011		2010
Income from continuing operations		$34,152		$34,068			$95,449		$52,193
Income/(loss) from discontinued operations, net of tax		4,828		(358	)		9,369		(7,897	)
Net income		38,980		33,710			104,818		44,296
Net income attributable to noncontrolling interest		2,875		2,875			8,563		8,563
Net income attributable to controlling interest		36,105		30,835			96,255		35,733
Preferred stock dividends		-		14,960			-		44,816
Net income/(loss) available to common shareholders		$36,105		$15,875			$96,255		$(9,083	)

Income from continuing operations		$34,152		$34,068			$95,449		$52,193
Net income attributable to noncontrolling interest		2,875		2,875			8,563		8,563
Preferred stock dividends		-		14,960			-		44,816
Net income/(loss) from continuing operations available to common shareholders		$31,277		$16,233			$86,886		$(1,186	)

The following table provides a reconciliation of weighted average common shares to diluted average common shares:

Three Months Ended
September 30

Nine Months Ended
September 30

(In thousands)

2011

2010

2011

2010

Weighted average common shares outstanding - basic ^(a)

261,284

234,638

261,250

234,555

Effect of dilutive securities ^(a)

1,519

4,229

2,447

Weighted average common shares outstanding - diluted ^(a)

262,803

238,867

263,697

234,555

(a)	All share data has been restated to reflect stock dividends distributed through January 1, 2011.

The following table provides a reconciliation of earnings/(loss) per common and diluted shares:


	Three Months Ended September 30				Nine Months Ended September 30
Earnings/(loss) per common share:	2011		2010		2011		2010
Earnings/(loss) per share from continuing operations available to common shareholders		$0.12		$0.07		$0.33		$(0.01	)
Earnings/(loss) per share from discontinued operations, net of tax		0.02		-		0.04		(0.03	)
Net earnings/(loss) per share available to common shareholders		$0.14		$0.07		$0.37		$(0.04	)

Diluted earnings/(loss) per common share:
Diluted earnings/(loss) per share from continuing operations available to common shareholders		$0.12		$0.07		$0.33		$(0.01	)
Diluted earnings/(loss) per share from discontinued operations, net of tax		0.02		-		0.04		(0.03	)
Net diluted earnings/(loss) per share available to common shareholders		$0.14		$0.07		$0.37		$(0.04	)

For the three and nine months ended September 30, 2011, the dilutive effect for all potential common shares was 1.5 million and 2.4 million, respectively. For the three months ended September 30, 2010, the dilutive effect for all potential common shares was 4.2 million. For the nine months ended September 30, 2010, all potential common shares were antidilutive due to the net loss attributable to common shareholders for that period. Stock options of 10.7 million and 11.7 million with a weighted average exercise price of $24.34 and $26.61 per share for the three months ended September 30, 2011 and 2010, respectively, were excluded from diluted shares because including such shares would have been antidilutive. Stock options of 10.1 million and 12.5 million with a weighted average exercise price of $25.91 and $26.65 per share for the nine months ended September 30, 2011 and 2010, respectively, were excluded from diluted shares. Other equity awards of 1.1 million and .3 million for the three months ended September 30, 2011 and 2010, respectively, were excluded from diluted shares, while other equity awards of .3 million and 3.4 million for the nine months ended September 30, 2011 and 2010, respectfully, were excluded from diluted shares because including such shares would have been antidilutive. Additionally, 14.8 million potential common shares related to the capital purchase program ("CPP") common stock warrant were excluded from the computation of diluted loss per common share for the nine months ended September 30, 2010, because such shares would have been antidilutive. The CPP common stock warrant was repurchased in first quarter 2011. The warrant resulted in .9 million dilutive shares for the nine-month period ended September 30, 2011. There was no impact on diluted shares from the warrant for the three months ended September 30, 2011.