SHAREHOLDERS' EQUITY:

6 Months Ended

Dec. 31, 2011

SHAREHOLDERS' EQUITY:

SHAREHOLDERS' EQUITY:

2. SHAREHOLDERS’ EQUITY:

Net (Loss) Income Per Share:

The Company’s basic earnings per share is calculated as net (loss) income divided by weighted average common shares outstanding, excluding unvested outstanding RSAs and RSUs. The Company’s dilutive earnings per share is calculated as net (loss) income divided by weighted average common shares and common share equivalents outstanding, which includes shares issuable under the Company’s stock option plan and long-term incentive plan, and dilutive securities. Stock-based awards with exercise prices greater than the average market value of the Company’s common stock are excluded from the computation of diluted earnings per share. The Company’s dilutive earnings per share will also reflect the assumed conversion under the Company’s convertible debt if the impact is dilutive, along with the exclusion of interest expense, net of taxes. The impact of the convertible debt is excluded from the computation of diluted earnings per share when interest expense per common share obtainable upon conversion is greater than basic earnings per share.

The following table sets forth a reconciliation of shares used in the computation of basic and diluted earnings per share:

	For the Periods Ended December 31,
	Three Months		Six Months
	2011	2010	2011	2010
	(Shares in thousands)
Weighted average shares for basic earnings per share	56,857	56,684	56,853	56,657
Effect of dilutive securities:
Dilutive effect of stock-based compensation (1)	—	294	—	238
Dilutive effect of convertible debt	—	11,158	—	11,158
Weighted average shares for diluted earnings per share	56,857	68,136	56,853	68,053

(1) For the three and six months ended December 31, 2011, 357 and 306 common stock equivalents of potentially dilutive common stock, respectively, were not included in the diluted earnings per share calculation because to do so would have been anti-dilutive.

The following table sets forth the awards which are excluded from the various earnings per share calculations:

	For the Periods Ended December 31,
	Three Months		Six Months
	2011	2010	2011	2010
	(Shares in thousands)		(Shares in thousands)
Basic earnings per share:
RSAs (1)	791	912	791	912
RSUs (1)	215	215	215	215
	1,006	1,127	1,006	1,127
Diluted earnings per share:
Stock options (2)	810	898	810	898
SARs (2)	999	1,076	999	1,076
RSAs (2)	6	109	203	109
Shares issuable upon conversion of debt (2)	11,203	—	11,195	—
	13,018	2,083	13,207	2,083

(1) Shares were not vested

(2) Shares were anti-dilutive

The following table sets forth a reconciliation of the net (loss) income available to common shareholders and the net (loss) income for diluted earnings per share under the if-converted method:

	For the Periods Ended December 31,
	Three Months					Six Months
	2011			2010		2011			2010
	(Dollars in thousands)
Net (loss) income available to common shareholders	$	(57,427	)	$	14,505	$	(49,090	)	$	32,825
Effect of dilutive securities:
Interest on convertible debt, net of taxes	—			2,013		—			4,027
Net (loss) income for diluted earnings per share	$	(57,427	)	$	16,518	$	(49,090	)	$	36,852

Additional Paid-In Capital:

The change in additional paid-in capital during the six months ended December 31, 2011 was due to the following:

	(Dollars in thousands)
Balance, June 30, 2011	$	341,190
Stock-based compensation	4,649
Vested stock option and stock appreciation rights expirations	(264		)
Franchise stock incentive plan	251
Other	1
Balance, December 31, 2011	$	345,827

Comprehensive (Loss) Income:

Components of comprehensive (loss) income for the Company include net (loss) income, changes in fair market value of financial instruments designated as hedges of interest rate or foreign currency exposure and foreign currency translation charged or credited to the cumulative translation account within shareholders’ equity. Comprehensive (loss) income for the three and six months ended December 31, 2011 and 2010 was as follows:

	For the Periods Ended December 31,
	Three Months						Six Months
	2011			2010			2011			2010
	(Dollars in thousands)						(Dollars in thousands)
Net (loss) income	$	(57,427	)	$	14,505		$	(49,090	)	$	32,825
Other comprehensive (loss) income:
Changes in fair market value of financial instruments designated as cash flow hedges of interest rate exposure, net of taxes	(89		)	(31		)	357			(95		)
Change in cumulative foreign currency translation	(2,089		)	2,756			(22,642		)	17,552
Total comprehensive (loss) income	$	(59,605	)	$	17,230		$	(71,375	)	$	50,282