(Loss) Earnings Per Share

12 Months Ended

Dec. 31, 2012

(Loss) Earnings Per Share

(Loss) Earnings Per Share

(21) (Loss) Earnings Per Share

        The following is a reconciliation of the basic and diluted earnings per share computations for the years ended December 31 (dollars in thousands, except per share amounts):

	2012			2011			2010
Net (loss) income for basic and diluted earnings per share	$	(247,859	)	$	(179,789	)	$	23,980
Shares of common stock and common stock equivalents:
Weighted average shares—basic		38,418			40,691			42,767
Effect of dilutive securities		—			—			729
Weighted average shares—diluted		38,418			40,691			43,496
(Loss) earnings per share:
Basic	$	(6.45	)	$	(4.42	)	$	0.56
Diluted	$	(6.45	)	$	(4.42	)	$	0.55

        The impact of all common stock equivalents on per share amounts for the years ended December 31, 2012 and 2011 is anti-dilutive due to the fact that the Company is reporting a loss. At December 31, 2012, 2011, and 2010, approximately 1.7 million, 2.0 million, and 0.6 million share equivalents (based on the treasury stock method), respectively, were not included in the computation of diluted earnings per share because their effects would have been anti-dilutive.