NET EARNINGS (LOSS) PER SHARE

6 Months Ended

Jun. 30, 2011

NET EARNINGS (LOSS) PER SHARE

NET EARNINGS (LOSS) PER SHARE

NOTE 10—NET EARNINGS (LOSS) PER SHARE

        The following is a summary of the calculation of basic and diluted net earnings (loss) per share for the periods indicated:

				Three Months Ended									Six Months Ended June 30,
				June 30, 2011			March 31, 2011			June 30, 2010
													2011			2010
				(In thousands, except per share data)
Basic Earnings (Loss) Per Share:
	Net earnings (loss)			$	12,841		$	10,676		$	2,705		$	23,517		$	(57,828	)
	Less: earnings allocated to unvested restricted stock(1)				(600	)		(386	)		(99	)		(976	)		(17	)
			Net earnings (loss) allocated to common shares	$	12,241		$	10,290		$	2,606		$	22,541		$	(57,845	)
	Weighted-average basic shares and unvested restricted stock outstanding				37,239.8			36,801.7			36,732.9			37,021.9			36,173.4
	Less: weighted-average unvested restricted stock outstanding				(1,768.2	)		(1,347.6	)		(1,420.6	)		(1,559.0	)		(1,333.6	)
			Weighted-average basic shares outstanding		35,471.6			35,454.1			35,312.3			35,462.9			34,839.8
	Basic earnings (loss) per share			$	0.35		$	0.29		$	0.07		$	0.64		$	(1.66	)
Diluted Earnings (Loss) Per Share:
	Net earnings (loss) allocated to common shares			$	12,241		$	10,290		$	2,606		$	22,541		$	(57,845	)
	Weighted-average basic shares outstanding				35,471.6			35,454.1			35,312.3			35,462.9			34,839.8
	Add: warrants outstanding				—			—			86.8			—			—
		Weighted-average diluted shares outstanding			35,471.6			35,454.1			35,399.1			35,462.9			34,839.8
	Diluted earnings (loss) per share			$	0.35		$	0.29		$	0.07		$	0.64		$	(1.66	)

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Represents cash dividends paid to holders of unvested restricted stock, net of estimated forfeitures, plus undistributed earnings amounts available to holders of unvested restricted stock, if any.