Twelve months ended
December 31,

2012

2011

2010

(In thousands, except per share data)

Net (loss) income per consolidated statements of income

$

(20,437

)

$

230

$

(37,273

)

Net loss allocated to participating securities

(59

)

—

(21

)

Net (loss) income allocated to common stock

$

(20,378

)

$

230

$

(37,252

)

Basic earnings (loss) per common share computation:

Distributed earnings allocated to common stock

$

—

$

—

$

—

Undistributed (loss) earnings allocated to common stock

(20,378

)

230

(37,252

)

Net (loss) earnings allocated to common stock

$

(20,378

)

$

230

$

(37,252

)

Weighted average common shares outstanding, including shares considered participating securities

32,805

31,075

30,477

Less: Average participating securities

(94

)

(49

)

(20

)

Weighted average shares

32,711

31,026

30,457

Basic (loss) earnings per common share

$

(0.62

)

$

0.01

$

(1.22

)

Diluted earnings (loss) per common share computation:

Net (loss) earnings allocated to common stock

$

(20,378

)

$

230

$

(37,252

)

Weighted average common shares outstanding for basic earnings per common share

32,711

31,026

30,457

Add: Dilutive effects of assumed exercises of stock options

—

Weighted average shares and dilutive potential common shares

32,711

31,026

30,457

Diluted (loss) earnings per common share

$

(0.62

)

$

0.01

$

(1.22

)