Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v2.3.0.15
Earnings Per Share
 9 Months Ended
Sep. 30, 2011
Earnings Per Share [Abstract]  
Earnings Per Share
Note 2 — Earnings Per Share
     The following table sets forth the computation of basic and diluted earnings per share (“EPS”):
                                 
    Three Months Ended September 30,     Nine Months Ended September 30,  
    2011     2010     2011     2010  
(a) Net income
  $ 8,406     $ 1,602     $ 32,445     $ 7,655  
 
                       
 
                               
(b) Weighted average shares outstanding
    39,322       28,815       37,431       28,769  
Dilutive impact of stock options
    16       147       22       127  
Dilutive impact of restricted stock
    638       529       667       535  
 
                       
 
                               
(c) Weighted average shares outstanding for diluted net income per share
    39,976       29,491       38,120       29,431  
 
                       
 
                               
Basic net income per share (a/b)
  $ 0.21     $ 0.06     $ 0.87     $ 0.27  
Diluted net income per share (a/c)
  $ 0.21     $ 0.05     $ 0.85     $ 0.26  
The following were excluded from the diluted EPS calculation because their effect would be anti-dilutive:
                                 
Stock options
    82       122       67       122  
Warrants
    —       365       —       365  
Restricted stock
    766       36       766       36