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(Loss) Earnings Per Share
 6 Months Ended
Jun. 30, 2013
Earnings Per Share [Abstract]  
(Loss) Earnings Per Share

3. (LOSS) EARNINGS PER SHARE

(Loss) earnings per share is computed as follows (in thousands, except per share data):

 

     Three Months Ended June 30,      Six Months Ended June 30,  
     2013     2012      2013     2012  
     Net (Loss)     Shares      Per
Share
Amount		     Net
Income		      Shares      Per
Share
Amount		      Net (Loss)     Shares      Per
Share
Amount		     Net
(Loss)		     Shares      Per
Share
Amount		  

Basic (loss) earnings per share

    $ (15,854 )      88,222       $ (0.18 )    $ 39,120         82,448       $ 0.47       $ (56,214 )      85,510       $ (0.66 )    $ (6,014 )      82,436       $ (0.07 ) 

Effect of dilutive incentive-based awards

        —                792              —               —        
  

 

 

    

 

 

     

 

 

    

 

 

     

 

 

     

 

 

     

 

 

    

 

 

     

 

 

    

 

 

    

 

 

     

 

 

  

Diluted (loss) earnings per share

    $ (15,854 )      88,222       $ (0.18 )    $ 39,120         83,240       $ 0.47       $ (56,214 )      85,510       $ (0.66 )    $ (6,014 )      82,436       $ (0.07 ) 
  

 

 

    

 

 

     

 

 

    

 

 

     

 

 

     

 

 

     

 

 

    

 

 

     

 

 

    

 

 

    

 

 

     

 

 

  

Basic (loss) earnings per share is computed by dividing net (loss) income by the weighted average number of shares of common stock outstanding during the period. The Company excluded potentially dilutive shares of 622 (in thousands) and 699 (in thousands), for the three and six months ended June 30, 2013, respectively, and potentially dilutive shares of 774 (in thousands), for the six months ended June 30, 2012, from the calculation of diluted loss per share as their effect would have been anti-dilutive due to the Company’s net loss in those periods.