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Earnings (Loss) Per Share
 6 Months Ended
Jun. 30, 2011
Earnings (Loss) Per Share  
Earnings (Loss) Per Share

NOTE 11: EARNINGS (LOSS) PER SHARE

The following table presents a reconciliation of basic and diluted earnings (loss) per share for the three-month and six-month periods ended June 30, 2011 and 2010:

 

     For the Three-Month
Periods Ended June 30		     For the Six-Month
Periods Ended June 30		  
     2011     2010     2011     2010  

Income (loss) from continuing operations

    $ (16,757 )    $ 24,920      $ (8,417 )    $ 58,903   

(Income) loss allocated to preferred shares

      (3,414 )      (3,415 )      (6,828 )      (6,821 ) 

(Income) loss allocated to noncontrolling interests

      67        358        117        593   
  

 

 

    

 

 

    

 

 

    

 

 

  

Income (loss) from continuing operations allocable to common shares

      (20,104 )      21,863        (15,128 )      52,675   

Income (loss) from discontinued operations

      6        456       797        926   
  

 

 

    

 

 

    

 

 

    

 

 

  

Net income (loss) allocable to common shares

    $ (20,098 )    $ 22,319      $ (14,331 )    $ 53,601   
  

 

 

    

 

 

    

 

 

    

 

 

  

Weighted-average shares outstanding—Basic

      38,055,234        26,780,234        37,340,755        25,887,140   

Dilutive securities under the treasury stock method

      0        640,068        0        374,454   
  

 

 

    

 

 

    

 

 

    

 

 

  

Weighted-average shares outstanding—Diluted

      38,055,234        27,420,302        37,340,755        26,261,594   
  

 

 

    

 

 

    

 

 

    

 

 

  

Earnings (loss) per share—Basic:

         

Continuing operations

    $ (0.53 )    $ 0.81      $ (0.40 )    $ 2.03   

Discontinued operations

      0.00        0.02        0.02        0.04   
  

 

 

    

 

 

    

 

 

    

 

 

  

Total earnings (loss) per share—Basic

    $ (0.53 )    $ 0.83      $ (0.38 )    $ 2.07   
  

 

 

    

 

 

    

 

 

    

 

 

  

Earnings (loss) per share—Diluted:

         

Continuing operations

    $ (0.53 )    $ 0.79      $ (0.40 )    $ 2.00   

Discontinued operations

      0.00        0.02        0.02        0.04   
  

 

 

    

 

 

    

 

 

    

 

 

  

Total earnings (loss) per share—Diluted

    $ (0.53 )    $ 0.81      $ (0.38 )    $ 2.04   
  

 

 

    

 

 

    

 

 

    

 

 

  

For the three-month and six-month periods ended June 30, 2011, securities convertible into 1,275,244 common shares, respectively, were excluded from the earnings (loss) per share computations because their effect would have been anti-dilutive. For the three-month and six-month periods ended June 30, 2010, securities convertible into 2,231,114 common shares, respectively, were excluded from the earnings (loss) per share computations because their effect would have been anti-dilutive.