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Earnings (loss) Per Common Share
9 Months Ended
Sep. 30, 2012
Earnings Per Share [Abstract]  
Earnings (loss) Per Common Share
Earnings Per Common Share
The following table presents a reconciliation of the numerators and denominators of the basic income per share and diluted income per share computations (amounts in thousands, except per share data):
 
 
Three months ended September 30,
 
Nine months ended September 30,
 
2012
 
2011
 
2012
 
2011
Basic
 
 
 
 
 
 
 
Net income
$
2,615

 
$
6,744

 
$
26,472

 
$
4,359

Weighted-average shares
61,881

 
59,898

 
61,743

 
56,045

Income per share
$
0.04

 
$
0.11

 
$
0.43

 
$
0.08

Diluted
 
 
 
 
 
 
 
Net income
$
2,615

 
$
6,744

 
$
26,472

 
$
4,359

Effect of dilutive securities

 

 

 

Net income available to common shareholders after assumed conversion
$
2,615

 
$
6,744

 
$
26,472

 
$
4,359

Weighted average shares:
 
 
 
 
 
 
 
Outstanding
61,881

 
59,898

 
61,743

 
56,045

Diluted effect of stock options, restricted stock, and restricted stock unit awards
944

 
1,530

 
952

 
1,477

 
62,825

 
61,428

 
62,695

 
57,522

Income per share
$
0.04

 
$
0.11

 
$
0.42

 
$
0.08


Potentially dilutive stock options, restricted stock and restricted stock unit awards representing a total of 4,225,796 and 2,348,086 shares of common stock for the three months ended September 30, 2012 and 2011, respectively, and 4,275,623 and 2,895,148 for the nine months ended September 30, 2012 and 2011, respectively, were excluded from the computation of diluted weighted average shares outstanding due to their antidilutive effect.