Earnings Per Share Reconciliation (Tables)

12 Months Ended

Dec. 31, 2012

Earnings Per Share Reconciliation

Computation of basic and diluted earnings per share

	YEAR ENDED DECEMBER 31,
(in thousands, except share data)		2012			2011			2010
NUMERATOR
Net income (loss) from continuing operations	$	42,382		$	(29,867	)	$	(80,692	)
Net loss from discontinued operations		(2,000	)		(20,883	)		(4,447	)
Less: distributed earnings allocated to nonvested restricted stock		(42	)		–			–
Less: undistributed earnings allocated to nonvested restricted stock		(313	)		–			–
Numerator for basic income (loss) per share		40,027			(50,750	)		(85,139	)
Plus: interest on 1.6 percent convertible senior notes due 2018		1,829			–			–
Plus: undistributed earnings allocated to nonvested restricted stock		313			–			–
Less: undistributed earnings reallocated to nonvested restricted stock		(284	)		–			–
Numerator for diluted income (loss) per share	$	41,885		$	(50,750	)	$	(85,139	)
DENOMINATOR
Basic earnings per share—weighted-average shares		44,761,178			44,357,470			44,050,013
Effect of dilutive securities:
Share-based payments		487,443			–			–
1.6 percent convertible senior notes due 2018		4,406,700			–			–
Diluted earnings per share—adjusted weighted-average shares and assumed conversions		49,655,321			44,357,470			44,050,013
NET INCOME (LOSS) PER COMMON SHARE
Basic
Continuing operations	$	0.93		$	(0.67	)	$	(1.83	)
Discontinued operations		(0.04	)		(0.47	)		(0.10	)
Total		0.89			(1.14	)		(1.93	)
Diluted
Continuing operations		0.88			(0.67	)		(1.83	)
Discontinued operations		(0.04	)		(0.47	)		(0.10	)
Total	$	0.84		$	(1.14	)	$	(1.93	)