Computation of Earnings Per Common Share and Common Share Equivalent (Tables)

3 Months Ended

Mar. 31, 2017

Earnings Per Share [Abstract]

Calculation of earnings per share

The following table sets forth the computation of basic and diluted earnings per common share for the three months ended March 31, 2017 and 2016:

	Three Months Ended March 31,
(In thousands, except per share amounts)	2017		2016
Basic earnings per common share & common share equivalents outstanding:
Net income (loss) attributable to common shareholders	$	152,843	$	21,885
Weighted average common shares outstanding, in thousands - basic	265,690		291,969
Basic earnings per common share & common share equivalents outstanding	$	0.58	$	0.07
Diluted earnings per common share & common share equivalents outstanding:
Weighted average common shares outstanding - basic	265,690		291,969
Impact of share-based compensation	4,077		4,697
Weighted average common shares outstanding - diluted	269,767		296,666
Diluted earnings per common share & common share equivalents outstanding	$	0.57	$	0.07
Dividends per common share	$	0.22	$	0.20