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INCOME (LOSS) PER COMMON SHARE (Tables)
12 Months Ended
Dec. 31, 2012
Computations of Basic and Diluted (Loss) Income Per Common Share

The following table sets forth a reconciliation of income or loss attributable to common shareholders to basic income or loss attributable to common shareholders and to diluted income or loss attributable to common shareholders (in thousands except per share amounts):

 

    Year Ended
December 31, 2012
    Year Ended
December 31, 2011
    Year Ended
December 31, 2010
 
    Continuing
Operations
    Discontinued
Operations
    Total     Continuing
Operations
    Discontinued
Operations
    Total     Continuing
Operations
    Discontinued
Operations
    Total  

Income (loss) as reported

  $ 13,002      $ —        $ 13,002      $ 42,706      $ 15,320      $ 58,026      $ 88,698      $ (327,954   $ (239,256

Participating basic earnings (a)

    (460     —          (460     (763     (274     (1,037     (1,574     1,120        (454
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Basic income (loss) attributed to common shareholders

    12,542        —          12,542        41,943        15,046        56,989        87,124        (326,834     (239,710

Reallocation of participating earnings (a)

    —          —          —          3        2        5        11        (11     —     
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Diluted income (loss) attributed to common shareholders

  $ 12,542      $ —        $ 12,542      $ 41,946      $ 15,048      $ 56,994      $ 87,135      $ (326,845   $ (239,710
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Income (loss) per common share:

                 

Basic

  $ 0.08      $ —        $ 0.08      $ 0.26      $ 0.10      $ 0.36      $ 0.56      $ (2.09   $ (1.53

Diluted

  $ 0.08      $ —        $ 0.08      $ 0.26      $ 0.10      $ 0.36      $ 0.55      $ (2.07   $ (1.52

 

(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.

Basic Weighted Average Common Shares Outstanding to Diluted Weighted Average Common Shares Outstanding

The following table provides a reconciliation of basic weighted average common shares outstanding to diluted weighted average common shares outstanding (in thousands):

 

     Year Ended December 31,  
     2012      2011      2010  

Denominator:

        

Weighted average common shares outstanding – basic

     159,431         158,030         156,874   

Effect of dilutive securities:

        

Director and employee stock options and SARs

     876         1,411         1,554   
  

 

 

    

 

 

    

 

 

 

Weighted average common shares outstanding – diluted

     160,307         159,441         158,428