Earnings Per Share

6 Months Ended

Jun. 30, 2012

Earnings Per Share

Earnings Per Share

(12) Earnings Per Share

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

	June 30,
	2012			2011
Three Months Ended
Net loss for basic and diluted earnings per share	$	(247,096	)	$	(196,143	)
Shares of common stock and common stock equivalents:
Average common shares used in basic computation	38,607			41,112
Effect of dilutive securities	—			—
Average common shares used in diluted computation	38,607			41,112
Loss per share:
Basic	$	(6.40	)	$	(4.77	)
Diluted	$	(6.40	)	$	(4.77	)
Six Months Ended
Net loss for basic and diluted earnings per share	$	(241,638	)	$	(186,594	)
Shares of common stock and common stock equivalents:
Average common shares used in basic computation	38,859			41,272
Effect of dilutive securities	—			—
Average common shares used in diluted computation	38,859			41,272
Loss earnings per share:
Basic	$	(6.22	)	$	(4.52	)
Diluted	$	(6.22	)	$	(4.52	)

The following is a summary of anti-dilutive equity awards not included in the detailed earnings per share computations (amounts in thousands):

	June 30,
	2012	2011
Three months ended	1,541	1,849
Six months ended	1,602	1,438

Since the Company reported losses for the three and six month periods ended June 30, 2012 and 2011, the impact of all common stock equivalents on per share amounts are not included in the calculation of diluted loss per share as they would be anti-dilutive.