XML 33 R21.htm IDEA: XBRL DOCUMENT v3.5.0.2
Earnings per Share Earnings per Share (Tables)
6 Months Ended
Jun. 30, 2016
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]
The table below presents a reconciliation between basic and diluted weighted average shares outstanding, net income available to common shareholders and basic and diluted income per share for the three and six months ended June 30, 2016 and 2015:
 
 
Three Months Ended
 
Six Months Ended
 
 
June 30,
 
June 30,
(In thousands, except per share amounts)
 
2016
 
2015
 
2016
 
2015
NUMERATOR
 
 
 
 
 
 
 
 
Net income
 
$
15,916

 
$
13,350

 
$
25,105

 
$
22,918

Preferred stock dividends
 
(1,219
)
 
(1,219
)
 
(2,438
)
 
(2,438
)
Net income to common shareholders
 
14,697

 
12,131

 
22,667

 
20,480

Interest on 3.25% convertible senior subordinated notes due 2017
 
390

 
373

 
774

 
745

Interest on 3.00% convertible senior subordinated notes due 2018
 
526

 
502

 
1,043

 
1,005

Diluted income available to common shareholders
 
$
15,613

 
$
13,006

 
$
24,484

 
$
22,230

DENOMINATOR
 
 
 
 
 
 
 
 
Basic weighted average shares outstanding
 
24,669

 
24,531

 
24,663

 
24,523

Effect of dilutive securities:
 
 
 
 
 
 
 
 
Stock option awards
 
185

 
243

 
177

 
233

Deferred compensation awards
 
138

 
164

 
130

 
161

3.25% convertible senior subordinated notes due 2017
 
2,416

 
2,416

 
2,416

 
2,416

3.00% convertible senior subordinated notes due 2018
 
2,669

 
2,669

 
2,669

 
2,669

Diluted weighted average shares outstanding - adjusted for assumed conversions
 
30,077

 
30,023

 
30,055

 
30,002

Earnings per common share:
 
 
 
 
 
 
 
 
Basic
 
$
0.60

 
$
0.49

 
$
0.92

 
$
0.84

Diluted
 
$
0.52

 
$
0.43

 
$
0.81

 
$
0.74

Anti-dilutive equity awards not included in the calculation of diluted earnings per common share
 
1,261

 
1,486

 
1,301

 
1,428