NET INCOME PER COMMON SHARE (Tables)

9 Months Ended

Sep. 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						Nine Months Ended
	September 30						September 30
	2017			2016			2017			2016
Basic net income per common share
Numerator for basic net income per common share:
Net income	$	16,752		$	16,440		$	57,002		$	65,423
Preferred stock dividends		(4,718	)		(3,846	)		(12,600	)		(11,515	)
Earnings participation of unvested equity awards		(36	)		(40	)		(116	)		(123	)
	$	11,998		$	12,554		$	44,286		$	53,785
Denominator for basic net income per common share:
Average number of shares of common stock outstanding		96,094			95,978			96,073			95,946
Average unvested stock awards outstanding		(302	)		(300	)		(305	)		(299	)
		95,792			95,678			95,768			95,647
	$	0.13		$	0.13		$	0.46		$	0.56
Diluted net income per common share
Numerator for diluted net income per common share:
Numerator for basic net income per common share	$	11,998		$	12,554		$	44,286		$	53,785
Denominator for diluted net income per common share:
Denominator for basic net income per common share		95,792			95,678			95,768			95,647
Net effect of dilutive equity awards		131			188			137			152
		95,923			95,866			95,905			95,799
	$	0.13		$	0.13		$	0.46		$	0.56