The following are reconciliations of the numerators and denominators used to compute the Company’s basic and diluted distributed and undistributed earnings (loss) per common share as reported for the three and six months ended June 30, 2013 and 2012 (in thousands, except per share data).



	Three Months Ended June 30,					Six Months Ended June 30,
	2013		2012			2013		2012
Net income (loss) — numerator
Net income (loss)	$	25,119	$	(6,676	)	$	9,615	$	(2,875	)
Less dividends to Class B shareholders — distributed earnings	—		—			—		(28		)
Undistributed earnings (loss)	$	25,119	$	(6,676	)	$	9,615	$	(2,903	)
Weighted average common shares outstanding — denominator
Basic
Class A	55,839		55,271			55,729		52,434
Class B	—		—			—		210
Total	55,839		55,271			55,729		52,644
Diluted
Class A
Weighted average common shares outstanding for basic earnings
(loss) per share	55,839		55,271			55,729		52,434
Dilutive effect of options and restricted stock units	98		—			90		—
Class A weighted average common shares outstanding - diluted	55,937		55,271			55,819		52,434
Class B
Weighted average common shares outstanding – no associated
dilutive shares	—		—			—		210
Total diluted weighted average common shares outstanding	55,937		55,271			55,819		52,644



	Three Months Ended June 30,					Six Months Ended June 30,
	2013		2012			2013		2012
Earnings (loss) per common share
Basic
Class A
Distributed earnings	$	—	$	—		$	—	$	—
Undistributed earnings (loss)	$	0.45	$	(0.12	)	$	0.17	$	(0.06	)
Total	$	0.45	$	(0.12	)	$	0.17	$	(0.06	)
Class B
Distributed earnings	$	—	$	—		$	—	$	0.13
Undistributed earnings	$	—	$	—		$	—	$	(0.06	)
Total	$	—	$	—		$	—	$	0.07
Diluted
Class A
Distributed earnings	$	—	$	—		$	—	$	—
Undistributed earnings (loss)	$	0.45	$	(0.12	)	$	0.17	$	(0.06	)
Total	$	0.45	$	(0.12	)	$	0.17	$	(0.06	)
Class B
Distributed earnings	$	—	$	—		$	—	$	0.13
Undistributed earnings	$	—	$	—		$	—	$	(0.06	)
Total	$	—	$	—		$	—	$	0.07