Earnings Per Share

12 Months Ended

Dec. 31, 2011

Earnings Per Share [Abstract]

EARNINGS PER SHARE:

NOTE 2 — EARNINGS PER SHARE:

The following table sets forth the calculation of basic and diluted weighted average shares outstanding and earnings per share for the indicated periods.

	Year Ended December 31,
	2011			2010			2009
Income (numerator):
Basic:
Net income (loss) attributable to Stone Energy Corporation	$	194,332		$	96,429		($	218,298	)
Net income attributable to participating securities		(3,670	)		(1,559	)		—
Net income (loss) attributable to common stock – basic	$	190,662		$	94,870		($	218,298	)
Diluted:
Net income (loss) attributable to Stone Energy Corporation	$	194,332		$	96,429		($	218,298	)
Net income attributable to participating securities		(3,667	)		(1,558	)		—
Net income (loss) attributable to common stock – diluted	$	190,665		$	94,871		($	218,298	)
Weighted average shares (denominator):
Weighted average shares - basic		47,988			47,681			43,953
Diluted effect of stock options		42			25			—
Weighted average shares - diluted		48,030			47,706			43,953
Basic income (loss) per common share	$	3.97		$	1.99		($	4.97	)
Diluted income (loss) per common share	$	3.97		$	1.99		($	4.97	)

Stock options that were considered antidilutive because the exercise price of the option exceeded the average price of our common stock for the applicable period totaled approximately 374,000 and 420,000 during the years ended December 31, 2011 and 2010, respectively. All outstanding stock options (approximately 495,000 shares) were considered antidilutive during the year ended December 31, 2009 because we had a net loss for the period.

During the years ended December 31, 2011, 2010 and 2009, approximately 312,000, 255,000 and 129,000 shares of common stock, respectively, were issued from authorized shares upon the vesting (lapse of forfeiture restrictions) of restricted stock by employees and nonemployee directors. During the year ended December 31, 2009, 100,000 shares of common stock were repurchased under our stock repurchase program. On June 10, 2009, 8,050,000 shares of common stock were issued in a public offering.