Net Income (Loss) Per Common Share

6 Months Ended

Jun. 30, 2011

Net Income (Loss) Per Common Share

Net Income (Loss) Per Common Share

Note 3. Net Income (Loss) Per Common Share

Basic earnings per share ("EPS") and diluted EPS are the same for the three and six-month periods ended June 30, 2010 since we were in a loss position in those periods. Following is a reconciliation of basic EPS and diluted EPS for the three and six-month periods ended June 30, 2011 (in thousands, except per share amounts):

	Three Months Ended June 30, 2011						Six Months Ended June 30, 2011
	Net Income Allocable to Common Share- holders		Shares		Per Share Amount		Net Income Allocable to Common Share- holders		Shares		Per Share Amount
Basic EPS	$	247,534		18,689,480	$	0.01	$	65,888		18,584,537	$	0.00
Dilutive effect of stock options, restricted stock units ("RSUs") and warrants		—		296,941		—		—		298,083		0.00
Series D, E and F convertible preferred stock		—		6,910,528		—		—		6,910,528		—
Series G convertible preferred stock		26,034		10,397,223		—		—		—		—
Diluted EPS	$	273,568		36,294,172	$	0.01	$	65,888		25,793,148	$	0.00
Schedule of anti-dilutive securities excluded from computation of diluted EPS
Stock options and warrants				3,689,032						3,689,032
Series G convertible preferred stock				—						9,244,877
Series G payment-in-kind dividends				—						1,152,346
				3,689,032						14,086,255

The following common stock equivalents are excluded from the diluted loss per share calculations for the 2010 periods, as their effect would have been antidilutive:

	Three and Six  Months Ended June 30, 2010
Stock options, RSUs and warrants		4,934,731
Series D convertible preferred stock		2,086,957
Series E convertible preferred stock		3,308,392
Series F convertible preferred stock		831,400
Series G convertible preferred stock		9,244,877
Series E payment-in-kind dividends		550,516
Series F payment-in-kind dividends		133,263
Series G payment-in-kind dividends		380,950
Total		21,471,086