Quarterly report pursuant to Section 13 or 15(d)

Earnings per Share

v2.4.0.6
Earnings per Share
 9 Months Ended
Sep. 30, 2012
Earnings Per Share [Abstract]  
Earnings per Share
Earnings per Share

The following table sets forth the computation of basic and diluted earnings per share:
 
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
 
2012
 
2011
 
2012
 
2011
(a) Net income (loss)
 
$
(1,105
)
 
$
8,406

 
$
3,182

 
$
32,445

 
 
 
 
 
 
 
 
 
(b) Weighted average shares outstanding
 
39,575

 
39,322

 
39,441

 
37,431

Dilutive impact of stock options
 
—

 
16

 
10

 
22

Dilutive impact of restricted stock
 
—

 
638

 
792

 
667

(c) Weighted average shares outstanding for diluted net income (loss) per share
 
39,575

 
39,976

 
40,243

 
38,120

 
 
 
 
 
 
 
 
 
Basic net income (loss) per share (a¸b)
 
$
(0.03
)
 
$
0.21

 
$
0.08

 
$
0.87

Diluted net income (loss) per share (a¸c)
 
$
(0.03
)
 
$
0.21

 
$
0.08

 
$
0.85

 
 
 
 
 
 
 
 
 
The following underlying shares associated with the following instruments were excluded from the diluted EPS calculation because their effect would be anti-dilutive:
     Stock options
 
52

 
67

 
52

 
82

     Restricted stock
 
105

 
766

 
105

 
766