Summary of Quarterly Results of Operations (Unaudited)

12 Months Ended

Dec. 31, 2011

Notes to Financial Statements

Summary of Quarterly Results of Operations (Unaudited)

Note 22. Summary of Quarterly Results of Operations (Unaudited)

The following is a summary of the unaudited quarterly results of operations for the years ended December 31, 2011, 2010 and 2009 (in thousands except per share data):

	March 31			June 30			September 30			December 31
2011
Revenues		$38,889			$34,586			$28,855			$29,955
Net income (loss)		$254,586			($1,845	)		$13,724			($8,322	)
Net income (loss) per share of common stock:
Basic		$11.35			($0.08	)		$0.60			($0.37	)
Diluted		$11.04			($0.08	)		$0.57			($0.37	)
2010
Revenues		$44,505			$41,675			$43,147			$44,615
Net (loss) income		($63,452	)		$2,902			($134,709	)		$9,915
Net (loss) income per share of common stock:
Basic		($2.84	)		$0.13			($6.02	)		$0.44
Diluted		($2.84	)		$0.13			($6.02	)		$0.44
2009
Revenues		$37,425			$33,667			$32,670			$31,631
Net loss		($73,146	)		($6,396	)		($106,457	)		($390,438	)
Net loss per share of common stock:
Basic		($3.28	)		($0.29	)		($4.75	)		($17.41	)
Diluted		($3.28	)		($0.29	)		($4.75	)		($17.41	)

Basic and diluted earnings per share are computed independently based on the weighted-average shares of common stock outstanding for each of the periods. Accordingly, the sum of the quarterly earnings per share amounts may not agree to the total for the year. See Note 12 for a further discussion of earnings per share.