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Earnings Per Share
9 Months Ended
Sep. 30, 2011
Earnings Per Share [Abstract] 
Earnings Per Share

6.     Earnings Per Share

 

               

 

Three months ended

September 30,

 

Nine months ended

 September 30,

 

2011

 

2010

 

2011

 

2010

 

(in thousands, except per share amounts)

 

(in thousands, except per share amounts)

Basic weighted-average shares

91,843

 

78,222

 

87,020

 

77,205

 

 

 

 

 

 

 

 

Effect of dilutive securities:

 

 

 

 

 

 

 

     Unvested restricted stock units

             -

 

             -

 

       -

 

       -

     Stock options

             -

 

             -

 

-

 

-

Diluted weighted-average shares

    91,843

 

    78,222

 

87,020

 

77,205

 

 

 

 

 

 

 

 

 

The table below includes information related to stock options, warrants and restricted stock that were outstanding at September 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.

 

 

 

September 30, 2011

 

September 30, 2010

 

 

 

 

 

Options, warrants and restricted stock excluded (in thousands)

 

26,062

 

19,102

Weighted-average exercise prices of options, warrants and restricted    

    stock excluded

 

$   2.49

 

 $ 1.65

Nine month weighted average market price

 

   $   1.62

 

      $ 2.07