Earnings (Loss) Per Share

6 Months Ended

Jun. 30, 2011

Earnings (Loss) Per Share

Earnings (Loss) Per Share

2. Earnings (Loss) Per Share

Diluted earnings (loss) per share reflect the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock.  Diluted earnings (loss) per share uses the treasury stock method for in-the-money stock options, deferred stock units, restricted stock, convertible notes and warrants.  For further discussion on the convertible notes and warrants see Note 5 — Debt.

	Three Months ended June 30,					Six Months ended June 30,
	2011			2010		2011			2010
	(in thousands, except for per share data)
Denominator:
Weighted average common stock shares outstanding - Basic	50,700			51,941		50,609			51,901
Assumed exercise of equity awards	—			1,199		—			1,286
Weighted average common stock shares outstanding - Diluted	50,700			53,140		50,609			53,187
Net income (loss) per common share:
Basic	$	(0.99	)	$	0.17	$	(0.97	)	$	0.18
Diluted	$	(0.99	)	$	0.17	$	(0.97	)	$	0.17

The table below summarizes those common stock equivalents excluded from the computation of diluted earnings per share because the awards were antidilutive.

	Three Months ended June 30,		Six Months ended June 30,
	2011	2010	2011	2010
	(in thousands)
Stock options	128	67	97	107
Restricted stock	392	284	280	143
Convertible notes (1)	10,943	—	5,958	—
Warrants (1)	10,943	5,974	5,958	2,987

(1)In March 2011, the Company entered into a Convertible Note transaction which included the sale of convertible notes, purchase of convertible note hedges and the sale of warrants as described in Note 5 — Debt.  These weighted common stock equivalents were excluded because their conversion price of $7.8819 per share for the convertible notes and $10.00 for the warrants exceeded the average market price of our common stock during these periods, and the effect of their inclusion would be antidilutive. These securities could be dilutive in future periods.  The convertible note hedges will always be antidilutive and, therefore, will have no effect on diluted net income per share.