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CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (USD $)
In Thousands
Total
Common stock, including treasury stock
Preferred Stock
Surplus
Accumulated deficit
Accumulated other comprehensive income (loss)
Beginning Balance at Dec. 31, 2009$ 2,538,817$ 6,380$ 50,160$ 2,804,238$ (292,752)$ (29,209)
Net income (loss)364,542   364,542 
Issuance of stock1,150,00001,150,000[1]   
Issuance of common stock upon conversion of preferred stock191,6673,834[1](1,150,000)[1]1,337,833[1]  
Dividends declared:      
Issuance costs(47,769)  (47,769)[2]  
Deemed dividend on preferred stock(191,667)[3]   (191,667) 
Common stock purchases(530)(530)    
Other comprehensive income, net of tax115,071    115,071
Ending Balance at Sep. 30, 20104,120,1319,68450,1604,094,302(119,877)85,862
Beginning Balance at Dec. 31, 20103,800,5319,65550,1604,094,005(347,328)(5,961)
Net income (loss)148,350   148,350 
Issuance of stock5,39420 5,374  
Dividends declared:      
Dividends, Preferred Stock, Cash(2,792)   (2,792) 
Deemed dividend on preferred stock[3]0     
Common stock purchases(418)(418)    
Other comprehensive income, net of tax61,536    61,536
Ending Balance at Sep. 30, 2011$ 4,012,601$ 9,257$ 50,160$ 4,099,379$ (201,770)$ 55,575
[1]Issuance and subsequent conversion of depositary shares representing interests in shares of contingent convertible non-cumulative preferred stock, Series D, into common stock.
[2]Issuance costs related to issuance and conversion of depository shares (Preferred Stock - Series D).
[3]Non-cash beneficial conversion, resulting from the conversion of contingently convertible perpetual non-cumulative preferred stock into shares of the Corporation’s common stock. The beneficial conversion was recorded as a deemed dividend to the preferred stockholders reducing retained earnings, with a corresponding offset to surplus (paid in capital), and thus did not affect total stockholders’ equity or the book value of the common stock