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Earnings (Loss) Per Share (Tables)
3 Months Ended
Mar. 31, 2013
Earnings Per Share [Abstract]  
Basic and Diluted Loss Per Share

The following table shows basic and diluted EPS calculations:

 

     Three Months Ended
March 31,
 
     2013     2012  
    
 
(Dollars in thousands, except per
share amounts)
  
  

Basic and Diluted Earnings Per Common Share:

    

Net income

   $ 22,516      $ 2,265   

Less: distributed and undistributed earnings allocated to participating securities

     (375     (160
  

 

 

   

 

 

 

Net income attributable to common stockholders

   $ 22,141      $ 2,105   
  

 

 

   

 

 

 

Basic weighted-average shares outstanding

     48,342,145        47,311,840   

Dilutive effect of common stock equivalents

     580,190        71,081   
  

 

 

   

 

 

 

Diluted weighted-average common shares outstanding

     48,922,335        47,382,921   
  

 

 

   

 

 

 

Basic Earnings Per Common Share

   $ 0.46      $ 0.04   
  

 

 

   

 

 

 

Diluted Earnings Per Common Share

   $ 0.45      $ 0.04