Earnings per Share

6 Months Ended

Jun. 30, 2011

Earnings per Share

Earnings per Share

9. EARNINGS PER SHARE

The following table sets forth the computation of basic and diluted earnings per share for the periods indicated.

	Three months ended June 30,					Six months ended June 30,
	2011		2010			2011		2010
Basic:
Net income / (loss) from continuing operations, net of noncontrolling interests in subsidiaries	$	3,014	($	70,074	)	$	4,135	($	58,565	)
Income / (loss) on discontinued operations		0		(7,922	)		0		(42,795	)
Net income / (loss)	$	3,014	($	77,996	)	$	4,135	($	101,360	)
Weighted average shares of common stock outstanding (used to calculate basic EPS)		72,479		70,135			71,846		69,667
Net effect of dilutive employee stock options based on the treasury stock method		45		286			72		345
Weighted average shares of common stock outstanding (used to calculate diluted EPS)		72,524		70,421			71,918		70,013
Net income / (loss) per common share - basic:
Continuing operations	$	0.04	($	1.00	)	$	0.06	($	0.84	)
Discontinued operations	$	0.00	($	0.11	)	$	0.00	($	0.61	)
	$	0.04	($	1.11	)	$	0.06	($	1.45	)
Net income / (loss) per common share - diluted:
Continuing operations	$	0.04	($	1.00	)	$	0.06	($	0.84	)
Discontinued operations	$	0.00	($	0.11	)	$	0.00	($	0.61	)
	$	0.04	($	1.11	)	$	0.06	($	1.45	)

Employee stock options granted have been included in the above calculations of diluted earnings per share since the exercise price is less than the average market price of the common stock during the three and six month periods ended June 30, 2011 and 2010. In addition there is no adjustment to fully diluted shares related to the Convertible Senior Notes as the average market price was below the conversion price for the periods.