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 nine months ended September 30, 2013 and 2012 (in thousands, except per share data).



	Three Months Ended September 30,					Nine Months Ended September 30,
	2013		2012			2013		2012
Net income (loss) - numerator
Net income (loss)	$	20,105	$	(9,197	)	$	29,720	$	(12,073	)
Less dividends to Class B shareholders - distributed earnings	—		—			—		(28		)
Undistributed earnings (loss)	$	20,105	$	(9,197	)	$	29,720	$	(12,101	)
Weighted average common shares outstanding - denominator
Basic
Class A	58,016		55,271			55,766		53,379
Class B	—		—			—		140
Total	58,016		55,271			55,766		53,519
Diluted
Class A
Weighted average common shares outstanding for basic earnings
(loss) per share	58,016		55,271			55,766		53,379
Dilutive effect of options and restricted stock units	136		—			123		—
Class A weighted average common shares outstanding - diluted	58,152		55,271			55,889		53,379
Class B
Weighted average common shares outstanding - no associated
dilutive shares	—		—			—		140
Total diluted weighted average common shares outstanding	58,152		55,271			55,889		53,519



	Three Months Ended September 30,					Nine Months Ended September 30,
	2013		2012			2013		2012
Earnings (loss) per common share
Basic
Class A
Distributed earnings	$	—	$	—		$	—	$	—
Undistributed earnings (loss)	$	0.35	$	(0.17	)	$	0.53	$	(0.23	)
Total	$	0.35	$	(0.17	)	$	0.53	$	(0.23	)
Class B
Distributed earnings	$	—	$	—		$	—	$	0.20
Undistributed loss	$	—	$	—		$	—	$	(0.23	)
Total	$	—	$	—		$	—	$	(0.03	)
Diluted
Class A
Distributed earnings	$	—	$	—		$	—	$	—
Undistributed earnings (loss)	$	0.35	$	(0.17	)	$	0.53	$	(0.23	)
Total	$	0.35	$	(0.17	)	$	0.53	$	(0.23	)
Class B
Distributed earnings	$	—	$	—		$	—	$	0.20
Undistributed loss	$	—	$	—		$	—	$	(0.23	)
Total	$	—	$	—		$	—	$	(0.03	)