The following table summarizes the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock, and reconciles the weighted-average common shares used in the computation of basic and diluted earnings per share (in thousands, except per share data):


	Three Months Ended June 30,						Six Months Ended June 30,
	2012			2011			2012			2011
Earnings (loss) per common share—basic
Net income (loss)	$	2,799		$	(59,066	)	$	34,601		$	(46,248	)
Less: Preferred stock dividends		(2,625	)		(2,625	)		(5,250	)		(5,250	)

Net income (loss) allocable to common shareholders	$	174		$	(61,691	)	$	29,351		$	(51,498	)

Weighted-average common shares outstanding—basic		65,060			64,425			65,021			64,365

Basic earnings (loss) per common share	$	0.00		$	(0.96	)	$	0.45		$	(0.80	)

Earnings (loss) per common share—diluted
Net income (loss)	$	174		$	(61,691	)	$	34,601		$	(51,498	)

Weighted-average common shares outstanding—basic		65,060			64,425			65,021			64,365
Preferred stock weighted-average shares outstanding		—			—			19,858			—
Options, restricted stock and other dilutive securities		52			—			71			—

Weighted-average common shares outstanding—diluted		65,112			64,425			84,950			64,365

Diluted earnings (loss) per common share	$	0.00		$	(0.96	)	$	0.41		$	(0.80	)