Earnings Per Share Reconciliation

12 Months Ended

Dec. 31, 2011

Earnings Per Share Reconciliation

Earnings Per Share Reconciliation

Note C: Earnings Per Share Reconciliation

The following table sets forth the computation of basic and diluted earnings per share:

	YEAR ENDED DECEMBER 31,
(in thousands, except share data)		2011			2010			2009
NUMERATOR
Net loss from continuing operations	$	(29,867	)	$	(80,692	)	$	(143,345	)
Net loss from discontinued operations		(20,883	)		(4,447	)		(19,129	)
Net loss available to common stockholders	$	(50,750	)	$	(85,139	)	$	(162,474	)
DENOMINATOR
Basic earnings per share—weighted-average shares		44,357,470			44,050,013			43,464,955
Effect of dilutive securities		–			–			–
Diluted earnings per share—adjusted weighted-average shares and assumed conversions		44,357,470			44,050,013			43,464,955
NET LOSS PER COMMON SHARE
Basic
Continuing operations	$	(0.67	)	$	(1.83	)	$	(3.30	)
Discontinued operations		(0.47	)		(0.10	)		(0.44	)
Total	$	(1.14	)	$	(1.93	)	$	(3.74	)
Diluted
Continuing operations	$	(0.67	)	$	(1.83	)	$	(3.30	)
Discontinued operations		(0.47	)		(0.10	)		(0.44	)
Total	$	(1.14	)	$	(1.93	)	$	(3.74	)

For the years ended December 31, 2011, 2010 and 2009, the effects of outstanding restricted stock units and stock options were not included in the diluted earnings per share calculation, as they would have been antidilutive due to the Company's net loss in each of those years.