NET INCOME PER COMMON SHARE (Tables)

6 Months Ended

Jun. 30, 2017

Earnings Per 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):

	Quarter Ended						Six Months Ended
	June 30						June 30
	2017			2016			2017			2016
Basic net income per common share
Numerator for basic net income per common    share:
Net income	$	17,549		$	21,630		$	40,250		$	48,983
Preferred stock dividends		(4,018	)		(3,843	)		(7,882	)		(7,669	)
Earnings participation of unvested equity awards		(40	)		(39	)		(80	)		(83	)
	$	13,491		$	17,748		$	32,288		$	41,231
Denominator for basic net income per common share:
Average number of shares of common stock outstanding		96,063			95,947			96,062			95,930
Average unvested stock awards outstanding		(307	)		(299	)		(307	)		(299	)
		95,756			95,648			95,755			95,631
	$	0.14		$	0.19		$	0.34		$	0.43
Diluted net income per common share
Numerator for diluted net income per common share:
Numerator for basic net income per common share	$	13,491		$	17,748		$	32,288		$	41,231
Denominator for diluted net income per common share:
Denominator for basic net income per common share		95,756			95,648			95,755			95,631
Net effect of dilutive equity awards		160			138			140			135
		95,916			95,786			95,895			95,766
	$	0.14		$	0.19		$	0.34		$	0.43