Income (Loss) Per Common Share

9 Months Ended

Sep. 30, 2011

Income (Loss) Per Common Share [Abstract]

(7) INCOME (LOSS) PER COMMON SHARE

Basic income or loss from continuing operations per share is computed as (i) income or loss from continuing operations (ii) less income allocable to participating securities (iii) divided by weighted average basic shares outstanding. Diluted income or loss from continuing operations per share is computed as (i) basic income or loss from continuing operations attributable to common shareholders (ii) plus diluted adjustments to income allocable to participating securities (iii) divided by weighted average diluted shares outstanding. The following table sets forth a reconciliation of income or loss from continuing operations to basic income or loss from continuing operations attributable to common shareholders and to diluted income or loss from continuing operations attributable to common shareholders and a reconciliation of basic weighted average common shares outstanding to diluted weighted average common shares outstanding (in thousands except per share amounts):


				Three Months Ended									Three Months Ended
				September 30, 2011									September 30, 2010

	Continuing			Discontinued						Continuing			Discontinued
	Operations			Operations			Total			Operations			Operations			Total

Income (loss) as reported	$	33,186		$	1,569		$	34,755		$	2,653		$	(10,821	)	$	(8,168	)
Participating basic earnings^(a)		(585	)		(28	)		(613	)		(117	)		—			(117	)

Basic income (loss) attributed to common stockholders		32,601			1,541			34,142			2,536			(10,821	)		(8,285	)
Reallocation of participating earnings^(a)		3			—			3			—			—			—

Diluted income (loss) attributed to common stockholders	$	32,604		$	1,541		$	34,145		$	2,536		$	(10,821	)	$	(8,285	)


Income (loss) per common share:
Basic	$	0.21		$	0.01		$	0.22		$	0.02		$	(0.07	)	$	(0.05	)
Diluted	$	0.20		$	0.01		$	0.21		$	0.02		$	(0.07	)	$	(0.05	)


				Nine Months Ended									Nine Months Ended
				September 30, 2011									September 30, 2010

	Continuing			Discontinued						Continuing			Discontinued
	Operations			Operations			Total			Operations			Operations			Total

Income (loss) as reported	$	45,531		$	15,484		$	61,015		$	98,005		$	(19,542	)	$	78,463
Participating basic earnings^(a)		(818	)		(278	)		(1,096	)		(1,723	)		344			(1,379	)

Basic income (loss) attributed to common stockholders		44,713			15,206			59,919			96,282			(19,198	)		77,084
Reallocation of participating earnings^(a)		3			2			5			15			(4	)		11

Diluted income (loss) attributed to common stockholders	$	44,716		$	15,208		$	59,924		$	96,297		$	(19,202	)	$	77,095


Income (loss) per common share:
Basic	$	0.28		$	0.10		$	0.38		$	0.61		$	(0.12	)	$	0.49
Diluted	$	0.28		$	0.10		$	0.38		$	0.61		$	(0.12	)	$	0.49


^(a)		Restricted stock awards represent participating securities because they participate in nonforfeitable dividends or distributions with common equity owners. Income allocable to participating securities represents the distributed and undistributed earnings attributable to the participating securities. Participating securities, however, do not participate in undistributed net losses.


	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2011		2010		2011		2010
Denominator:
Weighted average common shares outstanding — basic		158,154		157,109		157,901		156,777
Effect of dilutive securities:
Employee stock options and SARs		1,168		1,075		1,038		1,716

Weighted average common shares outstanding — diluted		159,322		158,184		158,939		158,493

The weighted average common shares — basic for the three months ended September 30, 2011 excludes 2.9 million shares of restricted stock compared to 2.9 million shares excluded at September 30, 2010, which are held in our deferred compensation plans (although all restricted stock is issued and outstanding upon grant). Weighted average common shares-basic for the nine months ended September 30, 2011 exclude 2.9 million shares of restricted stock compared to 2.8 million for the nine months ended September 30, 2010. SARs of 347,000 for the three months ended September 30, 2011 and 3.5 million for the three months ended September 30, 2010 were outstanding but not included in the computations of diluted income from continuing operations per share because the grant prices of the SARs were greater than the average market price of the common shares. SARs of 855,000 for the nine months ended September 30, 2011 and 2.0 million for the nine months ended September 30, 2010 were outstanding but not included in the computations of diluted income from continuing operations per share because the grant prices of the SARs were greater than the average market price of the common shares.