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EARNINGS PER SHARE AND COMPREHENSIVE EARNINGS (LOSS) (Tables)
9 Months Ended
Sep. 30, 2011
EARNINGS LOSS PER SHARE AND COMPREHENSIVE EARNINGS DISCLOSURE [Abstract] 
Schedule of Earnings Per Share Reconciliation [Table Text Block]
The following reconciles net earnings as reported in the Condensed Consolidated Statements of Operations to net earnings used for calculating basic and diluted earnings per share for the periods presented.
 
Three Months Ended
 
Nine Months Ended
 
September 30, 2011
 
September 30, 2011
 
Continuing Operations
 
Discontinued Operations
 
Total
 
Continuing Operations
 
Discontinued Operations
 
Total
 
(In Thousands)
Net earnings
$
59,610

 
$
28,108

 
$
87,718

 
$
78,793

 
$
44,569

 
$
123,362

Net earnings attributable to noncontrolling interest
—

 
(4,923
)
 
(4,923
)
 
—

 
(4,987
)
 
(4,987
)
Net earnings attributable to participating securities
(1,341
)
 
(522
)
 
(1,863
)
 
(1,606
)
 
(807
)
 
(2,413
)
Net earnings attributable to common stock for basic earnings per share
$
58,269

 
$
22,663

 
$
80,932

 
$
77,187

 
$
38,775

 
$
115,962

Adjustment for liability classified stock-based compensation awards
—

 
(603
)
 
(603
)
 
—

 
(707
)
 
(707
)
Net earnings for diluted earnings per share
$
58,269

 
$
22,060

 
$
80,329

 
$
77,187

 
$
38,068

 
$
115,255

 
 
Three Months Ended
 
Nine Months Ended
 
September 30, 2010
 
September 30, 2010
 
Continuing Operations
 
Discontinued Operations
 
Total
 
Continuing Operations
 
Discontinued Operations
 
Total
 
(In Thousands)
Net earnings
$
55,571

 
$
13,340

 
$
68,911

 
$
183,766

 
$
27,561

 
$
211,327

Net earnings attributable to participating securities
(1,151
)
 
(276
)
 
(1,427
)
 
(3,579
)
 
(537
)
 
(4,116
)
Net earnings attributable to common stock for basic earnings per share
$
54,420

 
$
13,064

 
$
67,484

 
$
180,187

 
$
27,024

 
$
207,211

Adjustment for liability classified stock-based compensation awards
—

 
74

 
74

 
—

 
250

 
250

Net earnings for diluted earnings per share
$
54,420

 
$
13,138

 
$
67,558

 
$
180,187

 
$
27,274

 
$
207,461

Schedule of Weighted Average Number of Shares [Table Text Block]
The following reconciles basic weighted average common shares outstanding to diluted weighted average common shares outstanding for the periods presented.
 
Three Months Ended
 
Nine Months Ended
 
September 30,
 
September 30,
 
2011
 
2010
 
2011
 
2010
 
(In Thousands)
Weighted average common shares outstanding during the period for basic earnings per share
111,810

 
110,992

 
111,598

 
110,691

Dilutive effects of potential common shares
352

 
786

 
521

 
699

Weighted average common shares outstanding during the period, including the effects of dilutive potential common shares, for diluted earnings per share
112,162

 
111,778

 
112,119

 
111,390

Schedule of components of comprehensive earnings (loss)
The components of comprehensive earnings are as follows:
 
Three Months Ended
 
Nine Months Ended
 
September 30,
 
September 30,
 
2011
 
2010
 
2011
 
2010
 
(In Thousands)
Consolidated net earnings
$
87,718

 
$
68,911

 
$
123,362

 
$
211,327

Other comprehensive income:
 

 
 

 
 

 
 

Foreign currency translation (losses) gains
(38,234
)
 
8,978

 
(27,763
)
 
5,132

Unfunded postretirement benefits, net of tax
93

 
290

 
311

 
975

Total comprehensive earnings
$
49,577

 
$
78,179

 
$
95,910

 
$
217,434

Less: total comprehensive earnings attributable to noncontrolling interest
(1,824
)
 
—

 
(1,330
)
 
—

Total comprehensive earnings attributable to Forest Oil Corporation
$
51,401

 
$
78,179

 
$
97,240

 
$
217,434