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Earnings (Loss) Per Share (Tables)
 12 Months Ended
Dec. 31, 2012
Basic and Diluted Loss Per Share

The following table shows our basic and diluted EPS calculations:

 

     Year Ended December 31,  
     2012     2011     2010  
Basic and diluted earnings (loss) per common share:    (Dollars in thousands, except per share
amounts)		  

Net income (loss)

    $ 62,699      $ (98,390 )    $ (64,770 ) 

Less: distributed and undistributed earnings allocated to participating securities

      (1,101 )      (711 )      (523 ) 
  

 

 

    

 

 

    

 

 

  

Net income (loss) attributable to common stockholders

    $ 61,598      $ (99,101 )    $ (65,293 ) 
  

 

 

    

 

 

    

 

 

  

Basic weighted-average common shares outstanding

      47,660,629        46,796,334        46,627,815   

Effect of dilutive securities:

       

Stock options

      173,527        -        -   

Restricted stock awards

      230,683        -        -   
  

 

 

    

 

 

    

 

 

  

Diluted weighted-average common shares outstanding

          48,064,839        46,796,334          46,627,815   
  

 

 

    

 

 

    

 

 

  

Basic earnings (loss) per common share

    $ 1.29      $ (2.12 )    $ (1.40 ) 
  

 

 

    

 

 

    

 

 

  

Dilutive earnings (loss) per common share

    $ 1.28      $ (2.12 )    $ (1.40 )