NET INCOME PER COMMON SHARE (Tables)

12 Months Ended

Dec. 31, 2014

NET INCOME PER COMMON SHARE [Abstract]

Components Of Computation Of Basic And Diluted Net Income Per Common Share

Components of the computation of basic and diluted net income per common share were as follows for the indicated periods (dollars in thousands, except per share amounts):

	Year ended December 31
	2014			2013			2012
Basic net income per common share
Numerator for basic net income per common share:
Net income	$	140,820		$	126,487		$	163,626
Redemption preference premiums paid on Convertible preferred stock		–			(19,924	)		–
Preferred stock dividends		(13,781	)		(17,536	)		(21,021	)
Earnings participation of unvested equity awards		(95	)		(139	)		(372	)
	$	126,944		$	88,888		$	142,233
Denominator for basic net income per common share:
Weighted average common stock outstanding		95,789			95,679			95,115
Average unvested stock awards outstanding		(398	)		(506	)		(522	)
		95,391			95,173			94,593
	$	1.33		$	0.93		$	1.50
Diluted net income per common share
Numerator for diluted net income per common share:
Numerator for basic net income per common share	$	126,944		$	88,888		$	142,233
Dividends on dilutive convertible preferred stock		–			44			298
	$	126,944		$	88,932		$	142,531
Denominator for diluted net income per common share:
Denominator for basic net income per common share		95,391			95,173			94,593
Net effect of dilutive equity awards		238			145			111
Net effect of dilutive convertible preferred stock		–			75			308
		95,629			95,393			95,012
	$	1.33		$	0.93		$	1.50

Potentially Dilutive Securities Excluded From Computation Of Net Income Per Common Share

Securities that could be potentially dilutive in the future that were not included in the computation of diluted net income per common share because to do so would have been antidilutive during the indicated periods were as follows (in thousands):

	Year ended December 31
	2014		2013		2012
Antidilutive convertible preferred stock		–		–		16,493
Antidilutive equity awards excludable under the treasury stock method:
Shares issuable under option awards		15		30		10
RSUs		–		243		–