Earnings (loss) per Share

9 Months Ended

Sep. 30, 2011

Earnings (loss) per Share [Abstract]

Earnings (loss) per Share

Note 12. Earnings (loss) per Share

The computation of basic and diluted earnings (loss) per share is as follows:

	Three Months Ended					Nine Months Ended
	September 30,					September 30,
	2011		2010			2011		2010
	(In thousands, except per share amounts)
Net income (loss)	$	30,950	$	(1,019	)	$	53,738	$	(77,099	)
Weighted average shares:
Common shares outstanding for basic earnings (loss) per share		139,498		60,117			139,039		60,117
Common shares outstanding for diluted earnings (loss) per share		139,503		60,117			139,709		60,117
Basic earnings (loss) per share	$	0.22	$	(0.02	)	$	0.39	$	(1.28	)
Diluted earnings (loss) per share	$	0.22	$	(0.02	)	$	0.38	$	(1.28	)

The difference between basic shares outstanding and diluted shares outstanding for the three and nine month periods ended September 30, 2011 represents the dilutive effect of potential Class A common shares issuable under outstanding stock option awards. For the three and nine months ended September 30, 2010, all potential common shares issuable upon exercise of outstanding stock options are excluded from diluted shares outstanding as their effect is antidilutive. As of September 30, 2011 and 2010, there were 6,124,897 and 6,161,520 options outstanding, respectively.