Earnings Per Share

12 Months Ended

Dec. 31, 2011

Earnings Per Share [Abstract]

Earnings Per Share

Note 13 - Earnings Per Share:

The following is a reconciliation of the amounts used to calculate basic and diluted earnings per share (share amounts and $ amounts in thousands, except per share amounts):

	For the Years Ended December 31,
	2011			2010			2009
(Loss) income from continuing operations	$	(46,300	)	$	92,752		$	77,600
(Benefit) provision for income taxes from discontinued operations		(20,155	)		21			672
Income (loss) from discontinued operations		20,155			(21	)		(672	)
Net (loss) income	$	(26,145	)	$	92,731		$	76,928
Basic:
Weighted average number of common shares outstanding		35,950			34,307			33,679
(Loss) income from continuing operations	$	(1.29	)	$	2.70		$	2.30
Income (loss) from discontinued operations		0.56			(0.00	)		(0.02	)
Net (loss) income per share of common stock	$	(0.73	)	$	2.70		$	2.28
Assuming dilution:
Weighted average number of common shares outstanding		35,950			34,307			33,679
Effect of dilutive securities		-			1,337			509
Weighted average number of common and common    equivalent shares outstanding		35,950			35,644			34,188
(Loss) income from continuing operations	$	(1.29	)	$	2.60		$	2.27
Income (loss) from discontinued operations		0.56			(0.00	)		(0.02	)
Net (loss) income per share of common stock	$	(0.73	)	$	2.60		$	2.25

Outstanding options of 900 thousand as of December 31, 2011, 400 thousand as of December 31, 2010, and 2,500 thousand as of December 31, 2009 were not included in the computation of diluted earnings per share because their exercise prices were greater than the average market price of the common stock during the respective periods and their inclusion would, therefore, have been anti-dilutive. Since we had a net loss for the year ended December 31, 2011, basic and diluted net loss per share of common stock is the same, because the effect of including potential common stock equivalents (such as stock options, restricted shares, and restricted stock units) would be anti-dilutive. The effect of dilutive securities would have been 725 thousand on weighted average number of common shares outstanding for the year ended December 31, 2011.