Earnings Per Share

6 Months Ended

Jun. 30, 2012

Earnings Per Share

6. 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,
	2012			2011 (Restated, see Note  2)			2012			2011 (Restated, see Note  2)
Net loss	$	(93,649	)	$	(3,333	)	$	(33,465	)	$	(5,367	)
Weighted average shares of common stock outstanding (used to calculate basic EPS)		76,210			72,479			74,547			71,846
Net effect of dilutive employee stock options based on the treasury stock method		234			116			226			129
Weighted average shares of common stock outstanding (used to calculate diluted EPS)		76,444			72,595			74,773			71,975
Net income / (loss) per common share - basic	$	(1.23	)	$	(0.05	)	$	(0.45	)	$	(0.07	)
Net income / (loss) per common share - diluted	$	(1.23	)	$	(0.05	)	$	(0.45	)	$	(0.07	)

Employee stock options granted have not been included in the above calculations of diluted earnings per share where the exercise price is less than the average market price of the common stock during the three and six months ended June 30, 2012 and 2011. 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.