Earnings (Loss) Per Share

3 Months Ended

Mar. 31, 2012

Earnings (Loss) Per Share [Abstract]

EARNINGS (LOSS) PER SHARE

3. EARNINGS (LOSS) PER SHARE

Basic earnings (loss) per share is calculated by dividing net income (loss) by the weighted average number of common shares outstanding for the period. The basic earnings (loss) per share calculation includes all vested and nonvested restricted shares as a result of their dividend participation rights. Diluted earnings (loss) per share is calculated by dividing net income (loss) by the weighted average number of common shares outstanding for the period, including all potentially dilutive RSUs. RSUs are not considered in any diluted earnings per share calculation when the Company has a loss from continuing operations.

The following is a summary of the net income (loss) available for common stockholders and weighted average shares outstanding (in thousands):

	For the Three Months
	Ended
	March 31,
	2012			2011
Net (loss) income (basic and diluted)	$	(40,219	)	$	4,085
Weighted average shares outstanding (basic and diluted)		50,518			54,651

Less than 0.1 million RSUs were excluded from the computation of diluted loss per share during the three months ended March 31, 2012 as the effect would have been anti-dilutive.