Basic and Diluted Net Income per Common Share (Tables)

9 Months Ended

Sep. 30, 2012

Earnings Per Share [Abstract]

Schedule of Earnings Per Share Reconciliation [Table Text Block]

The numerators and denominators used in computing basic and diluted net income per common share for the three and nine months ended September 30, 2012 and 2011 can be reconciled as follows (dollars in thousands, except per share data):

	Three months ended					Nine months ended
	September 30,					September 30,
	2012		2011			2012		2011
Net income before extraordinary net gain	$	1,825	$	(54,420	)	$	4,643	$	(54,204	)
Extraordinary gain on extinguishment of junior subordinated debentures, net of income taxes		-		-			-		32,839
Net income (loss)	$	1,825	$	(54,420	)	$	4,643	$	(21,365	)
Weighted-average shares outstanding - basic		47,142,441		47,091,697			47,122,536		42,473,730
Weighted-average shares outstanding - diluted		47,292,941		N/A			47,270,522		N/A
Common stock equivalent shares excluded due to antidilutive effect		19,412		138,864			16,283		106,503
Basic and diluted:
Income (loss) before extraordinary net gain per common share	$	0.04	$	(1.16	)	$	0.10	$	(1.27	)
Extraordinary net gain per common share		-		-			-		0.77
Net income (loss) per common share	$	0.04	$	(1.16	)	$	0.10	$	(0.50	)