Earnings (Losses) per Common Share

6 Months Ended

Jun. 30, 2012

Earnings (Losses) per Common Share [Abstract]

Earnings (Losses) per Common Share

(11) Earnings (Losses) per Common Share

Basic earnings (losses) per common share were computed by dividing net income by the weighted average number of common shares outstanding. Diluted earnings (losses) per common share were similarly computed after giving consideration to the dilutive effect of stock options and restricted stock awards outstanding on the weighted average number of common shares outstanding. The computation of diluted earnings (losses) per common share for the three and six months ended June 30, 2012 excludes 1,315,465 stock options and 1,150,000 restricted stock units because the awards would have an antidilutive effect. The computation of diluted earnings per common share for the three and six months ended June 30, 2011 excludes 405,000 stock options.