Note 4 - Earnings Per Common Share (Tables)

6 Months Ended

Jun. 30, 2013

Earnings Per Share [Text Block]

Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

	Three Months Ended June 30,						Six Months Ended June 30,
	2013			2012			2013			2012
	(Dollars in thousands, except per share amounts)
Numerator:
Net income	$	43,136		$	14,263		$	64,960		$	22,786
Less: Net income allocated to preferred shareholder		(14,293	)		(6,130	)		(23,991	)		(9,807	)
Less: Net income allocated to unvested restricted stock		(66	)		(15	)		(82	)		(12	)
Net income available to common stockholders for basic earnings per common share		28,777			8,118			40,887			12,967
Effect of dilutive securities:
Net income allocated to preferred shareholder		14,293			6,130			23,991			9,807
Interest on 1.25% convertible senior notes due 2032, included in cost of sales		41		―				204		―
Net income available to common and preferred stock for diluted earnings per share	$	43,111		$	14,248		$	65,082		$	22,774
Denominator:
Weighted average basic common shares outstanding		243,171,726			195,746,733			228,749,443			195,427,992
Weighted average additional common shares outstanding if preferred shares converted to common shares (if dilutive)		120,779,819			147,812,786			134,221,626			147,812,786
Total weighted average common shares outstanding if preferred shares converted to common shares		363,951,545			343,559,519			362,971,069			343,240,778
Effect of dilutive securities:
Stock options		7,224,120			5,593,889			7,211,767			5,136,047
1.25% convertible senior notes due 2032		31,312,850		―				31,312,850		―
Weighted average diluted shares outstanding		402,488,515			349,153,408			401,495,686			348,376,825
Income per share:
Basic	$	0.12		$	0.04		$	0.18		$	0.07
Diluted	$	0.11		$	0.04		$	0.16		$	0.06