XML 50 R32.htm IDEA: XBRL DOCUMENT v2.4.0.8
CALCULATION OF WEIGHTED AVERAGE SHARES OUTSTANDING FOR EARNINGS (LOSS) PER SHARE (EPS) (Tables)
 9 Months Ended
Sep. 30, 2013
Earnings Per Share [Abstract]  
Schedule of Basic and Diluted Weighted Shares Outstanding
The following table reconciles basic to diluted weighted shares outstanding used to calculate earnings per share data dollars and shares (in thousands, except per share data):
 
Three Months Ended
September 30
 
Nine Months Ended
September 30
 
2013

 
2012

 
2013

 
2012

Net income (loss)
$
11,665

 
$
15,620

 
$
35,001

 
$
50,194

Preferred stock dividend accrual
—

 
1,227

 
—

 
4,327

Preferred stock discount accretion
—

 
1,216

 
—

 
2,124

Gain on repurchase and retirement of preferred stock
 
 
$
(2,070
)
 
 
 
$
(2,070
)
Net income (loss) available to common shareholders
$
11,665

 
$
15,247

 
$
35,001

 
$
45,813

 
 
 


 


 


Basic weighted average shares outstanding
19,338

 
19,172

 
19,348

 
18,428

Plus unvested restricted stock
59

 
113

 
55

 
61

Diluted weighted shares outstanding
19,397

 
19,285

 
19,403

 
18,489

Earnings (loss) per common share
 

 
 

 
 

 
 

Basic
$
0.60

 
$
0.80

 
$
1.81

 
$
2.49

Diluted
$
0.60

 
$
0.79

 
$
1.80

 
$
2.48