LOSS/EARNINGS PER SHARE (Tables)

9 Months Ended

Sep. 30, 2012

LOSS/EARNINGS PER SHARE [Abstract]

Reconciliation of numerators and denominators used in calculating basic and diluted earnings per share

The following table provides a reconciliation of the numerators and denominators used in calculating basic and diluted earnings per share for the three and nine month periods ended September 30, 2012 and 2011.

	Three Months Ended					Nine Months Ended
	September 30,					September 30,
	2012			2011		2012			2011
	(In thousands, except per share data)
Basic earnings per share calculation :
Net (loss)/income to common stockholders	$	(4,042	)	$	5,763	$	(23,502	)	$	17,050
Weighted average number of common shares outstanding		22,970			22,962		22,970			22,951
Basic net (loss)/income per share	$	(0.18	)	$	0.25	$	(1.02	)	$	0.74
Diluted earnings per share calculation :
Net (loss)/income to common stockholders	$	(4,042	)	$	5,763	$	(23,502	)	$	17,050
Weighted average number of common shares outstanding		22,970			22,962		22,970			22,951
Assumed conversion of Class B shares		—			220		—			221
Effect of dilutive stock options		—			54		—			89
Diluted weighted average number of common shares outstanding		22,970			23,236		22,970			23,261
Diluted net (loss)/income per share	$	(0.18	)	$	0.25	$	(1.02	)	$	0.73