Earnings Per Share

9 Months Ended

Sep. 30, 2012

Earnings Per Share [Abstract]

EARNINGS PER SHARE

EARNINGS PER SHARE

Basic earnings per share is computed by dividing net income (loss) available to common shareholders by the weighted average number of common shares outstanding during each period. Diluted earnings per share reflect the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock. For the three and nine months ended September 30, 2012, 772,368 and 640,660 shares, respectively of common stock equivalents related to equity-based awards have not been included in the diluted per share calculation as the shares would be antidilutive. In the three months ended September 30, 2012 the Company had a net loss, therefore all equity-based awards were excluded. For the three and nine months ended September 30, 2011, 1,129,562 and 1,326,763 shares, respectively, of common stock equivalents related to convertible debt and equity based awards have not been included in the diluted per share calculation as the shares would be antidilutive. The 3.25% Convertible Senior Notes were not included in the computation of diluted earning per share for the three and nine months endedSeptember 30, 2012 and 2011 because there is no excess value upon conversion over the principal amount of the Notes.

The effect of potentially dilutive stock outstanding as of September 30, 2012, and 2011 are as follows (in thousands, except per share data):

	Three months ended September 30, 2012							Nine months ended September 30, 2012
	Income (Numerator)			Shares (Denominator)	Per-Share Amount			Income (Numerator)		Shares (Denominator)	Per-Share Amount
Basic EPS
Net income (loss) available to common shareholders	$	(15,821	)	89,429	$	(0.18	)	$	11,127	89,550	$	0.12
Effect of Dilutive Securities
Equity awards	—			—				—		140
Diluted EPS
Net income (loss) available to common shareholders	$	(15,821	)	89,429	$	(0.18	)	$	11,127	89,690	$	0.12
	Three months ended September 30, 2011							Nine months ended September 30, 2011
	Income (Numerator)			Shares (Denominator)	Per-Share Amount			Income (Numerator)		Shares (Denominator)	Per-Share Amount
Basic EPS
Net income available to common shareholders	$	31,060		89,449	$	0.35		$	82,135	89,350	$	0.92
Effect of Dilutive Securities
Equity awards	—			290				—		352
Diluted EPS
Net income available to common shareholders	$	31,060		89,739	$	0.35		$	82,135	89,702	$	0.92