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Earnings Per Share (Tables)
12 Months Ended
Dec. 31, 2012
Earnings Per Share [Abstract]  
Computation of Earnings per share
                         
    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