Earnings Per Share Reconciliation

9 Months Ended

Sep. 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						NINE MONTHS ENDED
	SEPTEMBER 30,						SEPTEMBER 30,
(in thousands, except share data)	2011			2010			2011			2010
NUMERATOR
Net loss from continuing operations	$	(3,890	)	$	(28,997	)	$	(31,130	)	$	(63,902	)
Net loss from discontinued operations	(17,423		)	(943		)	(20,432		)	(2,098		)
Net loss available to common stockholders	$	(21,313	)	$	(29,940	)	$	(51,562	)	$	(66,000	)
DENOMINATOR
Basic earnings per share—weighted-average shares	44,408,594			44,095,109			44,339,168			44,016,370
Effect of dilutive securities	-			-			-			-
Diluted earnings per share—adjusted
weighted-average shares and
assumed conversions	44,408,594			44,095,109			44,339,168			44,016,370
NET LOSS PER COMMON SHARE
Basic
Continuing operations	$	(0.09	)	$	(0.66	)	$	(0.70	)	$	(1.45	)
Discontinued operations	(0.39		)	(0.02		)	(0.46		)	(0.05		)
Total	(0.48		)	(0.68		)	(1.16		)	(1.50		)
Diluted
Continuing operations	(0.09		)	(0.66		)	(0.70		)	(1.45		)
Discontinued operations	(0.39		)	(0.02		)	(0.46		)	(0.05		)
Total	$	(0.48	)	$	(0.68	)	$	(1.16	)	$	(1.50	)

For the three- and nine-month periods ended September 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.