Earnings Per Share

9 Months Ended

Sep. 30, 2011

Earnings Per Share [Abstract]

EARNINGS PER SHARE

NOTE 2 – EARNINGS PER SHARE

Basic earnings per share is computed by dividing net income (loss) available to common shareholders by the weighted average number of common shares outstanding during each period. Diluted earnings 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. For the three and nine months ended September 30, 2011, respectively, 1,129,562 and 1,326,763 shares of common stock equivalents related to convertible debt, debt that can be settled in stock, and equity-based awards have not been included in the diluted per share calculation as the shares would be antidilutive. For the three and nine months ended September 30, 2010, 4,414,625 of common stock equivalents related to convertible debt and 500,138 of common stock equivalents related to equity based awards have not been included in the diluted per share calculation, as the Company recorded a net loss for those periods. The effect of potentially dilutive stock outstanding as of September 30, 2011, and 2010 are as follows (in thousands, except per share data):

	Three months ended September 30, 2011								Nine months ended September 30, 2011
	Income (Numerator)			Shares (Denominator)		Per-Share Amount			Income (Numerator)			Shares (Denominator)		Per-Share Amount
Basic EPS
Net Income available to common stockholders	$	31,060			89,449	$	0.35		$	82,135			89,350	$	0.92
Effect of Dilutive Securities
Equity awards		—			290					—			352
Diluted EPS
Net Income available to common stockholders	$	31,060			89,739	$	0.35		$	82,135			89,702	$	0.92
	Three months ended September 30, 2010								Nine months ended September 30, 2010
	Income (Numerator)			Shares (Denominator)		Per-Share Amount			Income (Numerator)			Shares (Denominator)		Per-Share Amount
Basic EPS
Net Loss available to common stockholders	$	(22,628	)		89,236	$	(0.25	)	$	(86,229	)		86,489	$	(1.00	)
Effect of Dilutive Securities
Equity awards		—			—					—			—
Diluted EPS
Net Loss available to common stockholders	$	(22,628	)		89,236	$	(0.25	)	$	(86,229	)		86,489	$	(1.00	)