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

 

 

 

Three Months Ended September 30,

 

Nine Months Ended September 30,

 

 

 

2012

 

2011

 

2012

 

2011

 

 

 

(In thousands, except per share amounts)

 

Basic EPS:

 

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

 

Net income (loss)

 

$

(50,192

)

$

165,024

 

$

(126,724

)

$

116,528

 

Net income (loss) attributable to noncontrolling interests

 

781

 

(729

)

(637

)

(777

)

Net income (loss) attributable to common stockholders

 

$

(49,411

)

$

164,295

 

$

(127,361

)

$

115,751

 

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

Weighted average basic common shares outstanding

 

37,916

 

37,912

 

37,909

 

37,907

 

 

 

 

 

 

 

 

 

 

 

Diluted EPS:

 

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

 

Net income (loss) attributable to common stockholders

 

$

(49,411

)

$

164,295

 

$

(127,361

)

$

115,751

 

Less: Warrant liability gain

 

 

(169,897

)

 

(100,762

)

Adjusted net income (loss) available to common stockholders

 

$

(49,411

)

$

(5,602

)

$

(127,361

)

$

14,989

 

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average basic common shares outstanding

 

37,916

 

37,912

 

37,909

 

37,907

 

Restricted stock and stock options

 

 

 

 

5

 

Warrants

 

 

843

 

 

1,585

 

 

 

 

 

 

 

 

 

 

 

Weighted average diluted common shares oustanding

 

37,916

 

38,755

 

37,909

 

39,497

 

 

 

 

 

 

 

 

 

 

 

Basic earnings (loss) per share:

 

$

(1.30

)

$

4.33

 

$

(3.36

)

$

3.05

 

 

 

 

 

 

 

 

 

 

 

Diluted earnings (loss) per share:

 

$

(1.30

)

$

(0.14

)

$

(3.36

)

$

0.38