Net (Loss) Income per Share (Tables)

6 Months Ended

Jun. 30, 2012

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

The computation of the Company’s basic and diluted net income (loss) per share was as follows:

	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2012			2011			2012			2011
	(In thousands, except per share data)
Numerator for basic and dilutive income - per common share:
Net income	$	16,938		$	348		$	48,282		$	30,047
Less: Accretion of Series B Preferred Stock	(677		)	(639		)	(1,345		)	(1,268		)
Less: Net income allocated to unvested participating restricted stock	(388		)	7			(1,169		)	(846		)
Net income (loss) available to common stockholders - basic	15,873			(284		)	45,768			27,933
Effect of unvested participating restricted stock in two-class calculation	5			—			58			17
Accretion of Series B Preferred Stock	—			—			1,345			—
Net income (loss) available to common stockholders - diluted	$	15,878		$	(284	)	$	47,171		$	27,950
Denominator:
Weighted average outstanding shares of common stock - basic	17,890			18,072			17,786			17,884
Dilutive effect of:
Stock options	248			—			282			396
Series B Preferred Stock	—			—			663			—
Weighted average outstanding shares of common stock - diluted	18,138			18,072			18,731			18,280
Net income (loss) per common share:
Basic	$	0.89		$	(0.02	)	$	2.57		$	1.56
Diluted	$	0.88		$	(0.02	)	$	2.52		$	1.53