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EARNINGS PER SHARE (Tables)
6 Months Ended
Jun. 30, 2012
EARNINGS PER SHARE  
Summary of information related to EPS calculations

 

 

 

 

Three Months Ended June 30,

 

Six Months Ended June 30,

 

 

 

2012

 

2011

 

2012

 

2011

 

 

 

(In thousands, except per share amounts)

 

Basic EPS:

 

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

 

Net income (loss)

 

$

 34,992

 

$

 65,993

 

$

(76,532

)

$

 (48,494

)

Net income attributable to noncontrolling interests

 

(682

)

(20

)

(1,418

)

(48

)

Net income (loss) attributable to common stockholders

 

$

 34,310

 

$

 65,973

 

$

 (77,950

)

$

 (48,542

)

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

Weighted average basic common shares outstanding

 

37,907

 

37,897

 

37,905

 

37,897

 

 

 

 

 

 

 

 

 

 

 

Diluted EPS:

 

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

 

Net income (loss) attributable to common stockholders

 

$

 34,310

 

$

 65,973

 

$

 (77,950

)

$

 (48,542

)

Less: Warrant liability gain

 

(23,430

)

(56,910

)

 

 

Adjusted net income (loss) available to common stockholders

 

$

 10,880

 

$

 9,063

 

$

 (77,950

)

$

 (48,542

)

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

Weighted average basic common shares outstanding

 

37,907

 

37,897

 

37,905

 

37,897

 

Restricted stock and stock options

 

5

 

3

 

 

 

Warrants

 

2,339

 

2,970

 

 

 

Weighted average diluted common shares outstanding

 

40,251

 

40,870

 

37,905

 

37,897

 

 

 

 

 

 

 

 

 

 

 

Basic Earnings (Loss) Per Share:

 

$

 0.91

 

$

 1.74

 

$

 (2.06

)

$

 (1.28

)

 

 

 

 

 

 

 

 

 

 

Diluted Earnings (Loss) Per Share:

 

$

 0.27

 

$

 0.22

 

$

 (2.06

)

$

 (1.28

)