| Earnings per Share |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the Years Ended December 31, |
(in thousands, except per share data) |
2012 |
|
2011 |
|
2010 |
Numerator: |
|
|
|
|
|
Net income |
$ |
3,472,702 |
|
|
$ |
426,961 |
|
|
$ |
43,055 |
|
Less: |
|
|
|
|
|
Allocation of undistributed income to Series B Preferred Stock |
(1,084,895 |
) |
|
(174,449 |
) |
|
(17,735 |
) |
Dividends paid to preferred stockholders |
(64,675 |
) |
|
— |
|
|
— |
|
Net income available to common stockholders for basic net income per common share |
2,323,132 |
|
|
252,512 |
|
|
25,320 |
|
Add back: |
|
|
|
|
|
|
|
|
Allocation of undistributed income to Series B Preferred Stock |
1,084,895 |
|
|
174,449 |
|
|
17,735 |
|
Dividends paid to preferred stockholders |
64,675 |
|
|
— |
|
|
— |
|
Effect of interest on assumed conversions of convertible debt |
38,500 |
|
|
— |
|
|
— |
|
Net income available to common stockholders for diluted net income per common share |
$ |
3,511,202 |
|
|
$ |
426,961 |
|
|
$ |
43,055 |
|
Denominator: |
|
|
|
|
|
Weighted average common shares outstanding for basic net income per common share |
4,209,073 |
|
|
3,744,606 |
|
|
3,693,259 |
|
Weighted average impact of assumed Series B Preferred Stock conversion |
2,215,900 |
|
|
2,586,977 |
|
|
2,586,977 |
|
Weighted average impact of assumed convertible debt |
298,725 |
|
|
— |
|
|
— |
|
Weighted average impact of other dilutive equity instruments |
150,088 |
|
|
169,239 |
|
|
110,835 |
|
Weighted average shares for diluted net income per common share |
6,873,786 |
|
|
6,500,822 |
|
|
6,391,071 |
|
Net income per common share: |
|
|
|
|
|
Basic |
$ |
0.55 |
|
|
$ |
0.07 |
|
|
$ |
0.01 |
|
Diluted |
$ |
0.51 |
|
|
$ |
0.07 |
|
|
$ |
0.01 |
|
|