NET EARNINGS (LOSS) PER SHARE

9 Months Ended

Sep. 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									Nine Months Ended September 30,
				September 30, 2011			June 30, 2011			September 30, 2010
													2011			2010
				(In thousands, except per share data)
Basic Earnings (Loss) Per Share:
	Net earnings (loss)			$	13,304		$	12,841		$	3,500		$	36,821		$	(54,328	)
	Less: earnings allocated to unvested restricted stock(1)				(622	)		(600	)		(126	)		(1,595	)		(24	)
			Net earnings (loss) allocated to common shares	$	12,682		$	12,241		$	3,374		$	35,226		$	(54,352	)
	Weighted-average basic shares and unvested restricted stock outstanding				37,257.4			37,239.8			36,712.4			37,101.3			36,355.1
	Less: weighted-average unvested restricted stock outstanding				(1,768.9	)		(1,768.2	)		(1,375.1	)		(1,629.8	)		(1,347.6	)
			Weighted-average basic shares outstanding		35,488.5			35,471.6			35,337.3			35,471.5			35,007.5
	Basic earnings (loss) per share			$	0.36		$	0.35		$	0.10		$	0.99		$	(1.55	)
Diluted Earnings (Loss) Per Share:
	Net earnings (loss) allocated to common shares			$	12,682		$	12,241		$	3,374		$	35,226		$	(54,352	)
	Weighted-average basic shares outstanding				35,488.5			35,471.6			35,337.3			35,471.5			35,007.5
	Add: warrants outstanding				—			—			—			—			—
		Weighted-average diluted shares outstanding			35,488.5			35,471.6			35,337.3			35,471.5			35,007.5
	Diluted earnings (loss) per share			$	0.36		$	0.35		$	0.10		$	0.99		$	(1.55	)

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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.