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Earnings Per Share
6 Months Ended
Jun. 30, 2011
Earnings Per Share  
Earnings Per Share

6.     Earnings Per Share

 

               

 

Three months ended

June 30,

 

Six months ended

 June 30,

 

2011

 

2010

 

2011

 

2010

 

(in thousands, except per share amounts)

 

(in thousands, except per share amounts)

 Basic weighted-average shares

81,965

 

76,336

 

81,954

 

76,687

 

 

 

 

 

 

 

 

Effect of dilutive securities:

 

 

 

 

 

 

 

     Unvested restricted stock units

             -

 

             -

 

       -

 

       -

     Stock options

             -

 

             -

 

-

 

-

Diluted weighted-average shares

    81,965

 

    76,336

 

81,954

 

76,687

 

 

 

 

 

 

 

 

 

The table below includes information related to stock options, warrants and restricted stock that were outstanding at June 30 of each respective year but have been excluded from the computation of weighted-average stock options due to the option exercise price exceeding the first quarter weighted-average market price of our common shares or their inclusion would have been anti-dilutive to our income (loss) per share.

 

 

 

June 30, 2011

 

June 30, 2010

 

 

 

 

 

Options, warrants and restricted stock excluded (in thousands)

 

18,062

 

19,283

Weighted-average exercise prices of options, warrants and restricted stock excluded

 

$   2.56

 

 $ 1.63

Six month weighted average market price

 

      $  1.85

 

      $ 2.23