Earnings Per Share Reconciliation

6 Months Ended

Jun. 30, 2011

Earnings Per Share Reconciliation

Earnings Per Share Reconciliation

Note 5.  Earnings Per Share Reconciliation

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

	THREE MONTHS ENDED JUNE 30,						SIX MONTHS ENDED JUNE 30,
(in thousands, except share data)	2011			2010			2011			2010
NUMERATOR
Net loss	$	(10,713	)	$	(21,763	)	$	(30,249	)	$	(36,060	)
DENOMINATOR
Basic earnings per share—weighted-average shares	44,368,874			44,038,558			44,303,958			43,976,576
Effect of dilutive securities	-			-			-			-
Diluted earnings per share—adjusted
weighted-average shares and
assumed conversions	44,368,874			44,038,558			44,303,958			43,976,576
NET LOSS PER COMMON SHARE
Basic	$	(0.24	)	$	(0.49	)	$	(0.68	)	$	(0.82	)
Diluted	(0.24		)	(0.49		)	(0.68		)	(0.82		)

For the three- and six-month periods ended June 30, 2011 and 2010, the effects of outstanding restricted stock units and stock options were not included in the diluted earnings per share calculations as they would have been antidilutive due to the Company’s net loss for the respective periods.