Earnings Per Share

6 Months Ended

Jun. 30, 2013

Earnings Per Share

Earnings Per Share

(11) Earnings Per Share

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

	June 30,
	2013		2012
Three Months Ended
Net income (loss) for basic and diluted earnings (loss) per share	$	5,086	$	(247,096	)
Shares of common stock and common stock equivalents:
Average common shares used in basic computation	36,956		38,607
Effect of dilutive securities	1,044		—
Average common shares used in diluted computation	38,000		38,607
Earnings (loss) per share:
Basic	$	0.14	$	(6.40	)
Diluted	$	0.13	$	(6.40	)
Six Months Ended
Net income (loss) for basic and diluted earnings (loss) per share	$	13,708	$	(241,638	)
Shares of common stock and common stock equivalents:
Average common shares used in basic computation	37,166		38,859
Effect of dilutive securities	1,205		—
Average common shares used in diluted computation	38,371		38,859
Earnings (loss) per share:
Basic	$	0.37	$	(6.22	)
Diluted	$	0.36	$	(6.22	)

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

	June 30,
	2013	2012
Three months ended	385	3,659
Six months ended	450	3,634

Since the Company reported losses for the three and six month periods ended June 30, 2012 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.