| |
For the Years Ended December 31, 2003, 2002 and 2001 |
 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cumulative |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Additional |
|
Dividends in |
|
|
|
|
| |
Preferred |
|
Common |
|
Preferred |
|
Common |
|
Paid-in |
|
Excess of |
|
|
|
|
| (In thousands, except share amounts) |
Shares |
|
Shares |
|
Stock |
|
Stock |
|
Capital |
|
Net Income |
|
Total |
|
| Balance at December 31, 2000 |
9,280,000 |
|
|
65,017,623 |
|
|
$ |
412,000 |
|
|
$ |
650 |
|
|
$ |
1,344,078 |
|
|
$ |
(110,022 |
) |
|
$ |
1,646,706 |
|
| Repurchase of common shares |
— |
|
|
(14,744,102 |
) |
|
|
— |
|
|
|
(147 |
) |
|
|
(428,135 |
) |
|
|
— |
|
|
|
(428,282 |
) |
| Shares issued in exchange |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| for Unit redemptions |
— |
|
|
79,100 |
|
|
|
— |
|
|
|
1 |
|
|
|
1,814 |
|
|
|
— |
|
|
|
1,815 |
|
| Exercise of stock options |
— |
|
|
1,212,445 |
|
|
|
— |
|
|
|
12 |
|
|
|
27,248 |
|
|
|
— |
|
|
|
27,260 |
|
| Conversion of Series A |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Cumulative Preferred Stock |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| to common stock |
(400,000 |
) |
|
400,000 |
|
|
|
(10,000 |
) |
|
|
4 |
|
|
|
9,996 |
|
|
|
— |
|
|
|
— |
|
| Net income |
— |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
79,061 |
|
|
|
79,061 |
|
| Dividends |
— |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(148,753 |
) |
|
|
(148,753 |
) |
|
|
| Balance at December 31, 2001 |
8,880,000 |
|
|
51,965,066 |
|
|
|
402,000 |
|
|
|
520 |
|
|
|
955,001 |
|
|
|
(179,714 |
) |
|
|
1,177,807 |
|
| Repurchase of common shares |
— |
|
|
(1,400,400 |
) |
|
|
— |
|
|
|
(14 |
) |
|
|
(35,909 |
) |
|
|
— |
|
|
|
(35,923 |
) |
| Repurchase of preferred shares |
(5,177,411 |
) |
|
— |
|
|
|
(145,482 |
) |
|
|
— |
|
|
|
4,581 |
|
|
|
(4,581 |
) |
|
|
(145,482 |
) |
| Restricted units exchanged for |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| restricted common shares |
— |
|
|
73,797 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
| Exercise of stock options |
— |
|
|
1,117,184 |
|
|
|
— |
|
|
|
10 |
|
|
|
30,191 |
|
|
|
— |
|
|
|
30,201 |
|
| Conversion of Series A |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Cumulative Preferred Stock |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| to common stock |
(80,000 |
) |
|
80,000 |
|
|
|
(2,000 |
) |
|
|
2 |
|
|
|
1,998 |
|
|
|
— |
|
|
|
— |
|
| Net income |
— |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
109,305 |
|
|
|
109,305 |
|
| Dividends |
— |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(138,117 |
) |
|
|
(138,117 |
) |
|
|
| Balance at December 31, 2002 |
3,622,589 |
|
|
51,835,647 |
|
|
|
254,518 |
|
|
|
518 |
|
|
|
955,862 |
|
|
|
(213,107 |
) |
|
|
997,791 |
|
| Repurchase of common shares |
— |
|
|
(322,600 |
) |
|
|
— |
|
|
|
(3 |
) |
|
|
(7,857 |
) |
|
|
— |
|
|
|
(7,860 |
) |
| Repurchase of preferred shares |
(3,622,589 |
) |
|
— |
|
|
|
(254,518 |
) |
|
|
— |
|
|
|
8,019 |
|
|
|
(8,019 |
) |
|
|
(254,518 |
) |
| Stock compensation plans, net |
— |
|
|
263,309 |
|
|
|
— |
|
|
|
3 |
|
|
|
5,236 |
|
|
|
— |
|
|
|
5,239 |
|
| Exercise of stock options |
— |
|
|
1,104,597 |
|
|
|
— |
|
|
|
11 |
|
|
|
21,970 |
|
|
|
— |
|
|
|
21,981 |
|
| Issuance of Series E |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Redeemable Preferred Stock |
8,050,000 |
|
|
— |
|
|
|
201,250 |
|
|
|
— |
|
|
|
(6,586 |
) |
|
|
— |
|
|
|
194,664 |
|
| Net income |
— |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
72,937 |
|
|
|
72,937 |
|
| Dividends |
— |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(122,663 |
) |
|
|
(122,663 |
) |
|
|
| Balance at December 31, 2003 |
8,050,000 |
|
|
52,880,953 |
|
|
$ |
201,250 |
|
|
$ |
529 |
|
|
$ |
976,644 |
|
|
$ |
(270,852 |
) |
|
$ |
907,571 |
|
|
|
|
