EARNINGS PER SHARE

6 Months Ended

Jun. 30, 2011

EARNINGS PER SHARE

EARNINGS PER SHARE

NOTE 2 — EARNINGS PER SHARE

The following table presents a reconciliation of basic and diluted earnings per share for the three and six months ended June 30, 2011 and 2010, as follows:

	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2011			2010			2011			2010
Basic earnings per share calculation:
Net loss to common stockholders	$	(4,458	)	$	(14,181	)	$	(9,638	)	$	(28,305	)
Weighted average number of common shares outstanding	107,153,229			106,782,014			107,130,775			105,571,347
Basic net loss per share	$	(0.04	)	$	(0.13	)	$	(0.09	)	$	(0.27	)
Diluted earnings per share calculation:
Net loss to common stockholders	$	(4,458	)	$	(14,181	)	$	(9,638	)	$	(28,305	)
Weighted average number of common shares outstanding	107,153,229			106,782,014			107,130,775			105,571,347
Common stock equivalents:
Stock options and unvested restricted stock units (1)	—			—			—			—
Weighted average number of common shares outstanding	107,153,229			106,782,014			107,130,775			105,571,347
Diluted net loss per share	$	(0.04	)	$	(0.13	)	$	(0.09	)	$	(0.27	)

(1)Stock options and unvested restricted stock units granted and outstanding of 2,380,438 and 1,694,136 as of June 30, 2011 and 2010, respectively, are excluded from the computation of diluted earnings per share due to the anti-dilutive effect as a result of the Company’s net loss for these respective periods.