Note 4 - Earnings (Loss) Per Common Share (Tables)

6 Months Ended

Jun. 30, 2012

Schedule of Calculation of Numerator and Denominator in Earnings Per Share [Table Text Block]

	Three Months Ended June 30,						Six Months Ended June 30,
	2012			2011			2012			2011
	(Dollars in thousands, except per share amounts)
Numerator:
Net income (loss)	$	14,263		$	(10,519	)	$	22,786		$	(25,316	)
Less: Net (income) loss allocated to preferred shareholder		(6,130	)		4,554			(9,807	)		10,968
Less: Net (income) loss allocated to unvested restricted stock		(15	)		―			(12	)		―
Net income (loss) available to common stockholders	$	8,118		$	(5,965	)	$	12,967		$	(14,348	)
Denominator:
Weighted average basic common shares outstanding		195,746,733			193,577,324			195,427,992			193,369,182
Stock options		5,593,889			―			5,136,047			―
Weighted average diluted common shares outstanding		201,340,622			193,577,324			200,564,039			193,369,182
Income (loss) per common share:
Basic	$	0.04		$	(0.03	)	$	0.07		$	(0.07	)
Diluted	$	0.04		$	(0.03	)	$	0.06		$	(0.07	)