Stockholders' Equity and EPS (Tables)

9 Months Ended

Sep. 30, 2013

Equity and Earnings Per Share [Abstract]

Reconciliation of Basic EPS to Diluted EPS

The following is a reconciliation of basic EPS to diluted EPS for the three and nine months ended September 30, 2013 and 2012:

	Three months ended September 30,				Nine months ended September 30,
(Dollars and shares in thousands, except per share amounts)	2013		2012		2013		2012
Numerator:
Net income available to common stockholders	$	67,621	$	42,289	$	157,096	$	124,682
Denominator:
Weighted average common shares outstanding-basic	45,580		44,449		45,180		44,147
Weighted average effect of dilutive securities:
Stock options and ESPP	429		346		405		402
Restricted stock units	193		120		180		143
Denominator for diluted calculation	46,202		44,915		45,765		44,692
Earnings per common share:
Basic	$	1.48	$	0.95	$	3.48	$	2.82
Diluted	$	1.46	$	0.94	$	3.43	$	2.79

Common Shares Excluded from Diluted EPS Calculation as They Were Deemed to be Anti-Dilutive

The following table summarizes the weighted-average common shares excluded from the diluted EPS calculation as they were deemed to be antidilutive for the three and nine months ended September 30, 2013 and 2012:

	Three months ended September 30,		Nine months ended September 30,
(Shares in thousands)	2013	2012	2013	2012
Stock options	343	795	546	658
Restricted stock units	—	220	1	—
Total	343	1,015	547	658

Reclassifications out of AOCI

The following table summarizes the items reclassified out of accumulated other comprehensive (loss) income into the Consolidated Statements of Income (unaudited) for the three and nine months ended September 30, 2013 and 2012:

		Three months ended September 30,						Nine months ended September 30,
(Dollars in thousands)	Income Statement Location	2013			2012			2013			2012
Reclassification adjustment for (gains) losses included in net income	Gains on investment securities, net	$	(219	)	$	101		$	(949	)	$	(3,592	)
Related tax benefit (expense)	Income tax expense	85			(41		)	363			1,421
Total reclassification adjustment for gains included in net income, net of tax		$	(134	)	$	60		$	(586	)	$	(2,171	)