Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2013

Earnings Per Share

Reconciliation of the basic and diluted earnings per share computations

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

	September 30,
	2013		2012
Three Months Ended
Net income (loss) for basic and diluted earnings (loss) per share	$	7,715	$	232
Shares of common stock and common stock equivalents:
Average common shares used in basic computation	36,544		38,301
Effect of dilutive securities	1,237		951
Average common shares used in diluted computation	37,781		39,252
Earnings (loss) per share:
Basic	$	0.21	$	0.01
Diluted	$	0.20	$	0.01
Nine Months Ended
Net income (loss) for basic and diluted earnings (loss) per share	$	21,423	$	(241,406	)
Shares of common stock and common stock equivalents:
Average common shares used in basic computation	36,956		38,672
Effect of dilutive securities	1,258		—
Average common shares used in diluted computation	38,214		38,672
Earnings (loss) per share:
Basic	$	0.58	$	(6.24	)
Diluted	$	0.56	$	(6.24	)

Summary of anti-dilutive equity awards not included in the detailed earnings per share computations

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

	September 30,
	2013	2012
Three months ended	284	2,184
Nine months ended	282	1,353