EARNINGS PER COMMON SHARE (TABLES)

9 Months Ended

Sep. 30, 2011

EARNINGS PER COMMON SHARE [ABSTRACT]

BASIC AND DILUTED EARNINGS PER COMMON SHARE

The following table sets forth the comparison of basic and diluted earnings (loss) per common share:
		Three months				Nine months
		ended September 30,				ended September 30,
			2011		2010		2011		2010
	Basic earnings (loss) per common share
	Net income (loss) available to common shareholders	$	212,058	$	238,842	$	(70,634)	$	555,505
	Weighted average common shares outstanding		125,971		120,091		121,197		123,320
	Basic earnings (loss) per common share	$	1.68	$	1.99	$	(0.58)	$	4.50
	Diluted earnings (loss) per common share
	Net income (loss) available to common shareholders	$	212,058	$	238,842	$	(70,634)	$	555,505
	Weighted average common shares outstanding - basic		125,971		120,091		121,197		123,320
	Share equivalents:
	Warrants		1,108		12,012		-		11,851
	Stock compensation plans		923		2,303		-		2,211
	Weighted average common shares outstanding - diluted		128,002		134,406		121,197		137,382
	Diluted earnings (loss) per common share	$	1.66	$	1.78	$	(0.58)	$	4.04