Earnings (Loss) Per Share Of Common Stock

6 Months Ended

Jun. 30, 2011

Earnings (Loss) Per Share Of Common Stock

Earnings (Loss) Per Share Of Common Stock

Note 9—Earnings (Loss) per Share of Common Stock

The Company accounts for and discloses net earnings (loss) per share using the treasury stock method. Net earnings (loss) per common share, or basic earnings (loss) per share, is computed by dividing net earnings (loss) by the weighted-average number of common shares outstanding. Net earnings (loss) per common share assuming dilutions, or diluted earnings (loss) per share, is computed by reflecting the potential dilution from the exercise of in-the-money stock options, non-vested restricted stock and non-vested restricted stock units.

The Company's basic and diluted weighted-average number of common shares outstanding as of June 30, 2011 and 2010 were as follows:

	Six Months Ended June 30,
	2011		2010
	(In thousands)
Basic		70,035		66,634
Incremental common stock equivalents		—		—
Diluted		70,035		66,634

At June 30, 2011 and 2010, all in-the-money stock options, unvested restricted stock and warrants amounting to 2,552,000 and 6,989,000, respectively, were excluded from the computation of diluted earnings (loss) per share as their effect would have been anti-dilutive, since the Company reported a net loss for these periods.