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Earnings Per Share (Tables)
12 Months Ended
Dec. 31, 2011
Earnings Per Share  
Computation of Basic and Diluted Earnings Per Share
                         

 

 

Three Months Ended
September 30,

 

Nine Months Ended
September
 30,

 

 

 

2011

 

2010

 

2011

 

2010

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income/(loss)

 

$

22,304

 

$

(84,336)

 

$

57,118

 

$

(39,487)

 

Shares for basic and diluted calculations:

 

 

 

 

 

 

 

 

 

 

 

 

 

Average shares used in basic computation

 

 

52,367

 

 

51,201

 

 

52,610

 

 

47,865

 

Dilutive effect of stock options and units (1)

 

 

10,785

 

 

10,633

 

 

10,564

 

 

7,728

 

Average shares used in diluted computation

 

$ 

63,152

 

$

61,834

 

$ 

63,174

 

$

55,593

 

Net income per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.43

 

$

(1.65)

 

$

1.09

 

$

(0.82)

 

Diluted (1) (2)

 

$

0.35

 

$

(1.65)

 

$

0.90

 

$

(0.82)

 

                           

 (1)      Diluted earnings per share is computed on the basis of the weighted average number of shares of common stock plus the effect of dilutive potential common shares outstanding during the period using the treasury stock method. Diluted earnings per share include stock options and units.

 

        In accordance with Topic 260, "Earnings Per Share," earnings per diluted common share is calculated using the basic weighted average number of common shares outstanding in p

 

Three Months Ended
September 30,

 

Nine Months Ended
September
 30,

 

 

 

2011

 

2010

 

2011

 

2010

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income/(loss)

 

$

22,304

 

$

(84,336)

 

$

57,118

 

$

(39,487)

 

Shares for basic and diluted calculations:

 

 

 

 

 

 

 

 

 

 

 

 

 

Average shares used in basic computation

 

 

52,367

 

 

51,201

 

 

52,610

 

 

47,865

 

Dilutive effect of stock options and units (1)

 

 

10,785

 

 

10,633

 

 

10,564

 

 

7,728

 

Average shares used in diluted computation

 

$ 

63,152

 

$

61,834

 

$ 

63,174

 

$

55,593

 

Net income per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.43

 

$

(1.65)

 

$

1.09

 

$

(0.82)

 

Diluted (1) (2)

 

$

0.35

 

$

(1.65)

 

$

0.90

 

$

(0.82)

 

                           
eriods a loss is incurred.