Earnings Per Share

12 Months Ended

Dec. 31, 2011

Earnings Per Share [Abstract]

Earnings Per Share

13. Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per share for the years ended December 31:

	2011		2010		2009
Numerator:
Net income (loss)	$	37,091	$	68,369	$	(422,606	)
Denominator:
Denominator for basic earnings per share—weighted average shares outstanding		1,655,805		1,605,769		1,572,511
Denominator for diluted earnings per share—weighted average shares outstanding and assumed conversions		1,655,805		1,605,769		1,572,511
Basic earnings (loss) per share	$	0.02	$	0.04	$	(0.27	)
Diluted earnings (loss) per share	$	0.02	$	0.04	$	(0.27	)

For each of the years ended December 31, 2011, 2010 and 2009, 12,000 shares attributable to outstanding stock options were excluded from the calculation of diluted earnings (loss) per share because the effect was antidilutive.