Earnings Per Share

6 Months Ended

Jun. 30, 2011

Earnings Per Share [Abstract]

EARNINGS PER SHARE

13. EARNINGS PER SHARE

Basic earnings (loss) per share has been computed by dividing the net income (loss) applicable to common shareholders by the weighted average number of shares of common stock outstanding during each period. Net income (loss) applicable to common shareholders includes the adjustment for net income or loss attributable to noncontrolling interest. Diluted earnings (loss) per share is computed by including the dilutive effect of common stock that would be issued assuming conversion or exercise of outstanding convertible notes and securities, stock options, stock appreciation rights, restricted stock units and warrants. No such items were included in the computation of diluted loss per share in the three and six months ended June 30, 2011 and the six months ended June 30, 2010 because the Company incurred a loss from operations in each of these periods and the effect of inclusion would have been anti-dilutive.

	Three Months Ended					Six Months Ended
	June 30,					June 30,
	2011			2010		2011			2010
	(In thousands)
Income (loss) for basic earnings per share calculation:
Net income (loss) allocated to common shareholders	$	(7,747	)	$	919	$	(25,697	)	$	(2,275	)
Weighted average shares outstanding:
Basic weighted average shares outstanding		13,200			10,654		12,789			10,588
Effect of restricted stock units, stock options, SARs and warrants shares		—			50		—			—
Effect of convertible notes and securities		—			—		—			—
Diluted weighted average shares outstanding		13,200			10,704		12,789			10,588

The table below shows the number of shares that were excluded from the calculation of diluted income (loss) per share because their inclusion would be anti-dilutive to the calculation:

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2011		2010		2011		2010
	(In thousands)
Convertible notes and securities		1,093		2,898		1,093		2,898
Restricted stock units, stock options, SARs, and warrant shares		714		729		714		779
Total shares excluded from diluted shares calculation		1,807		3,627		1,807		3,677