Earnings Per Share

6 Months Ended

Jun. 30, 2011

Earnings Per Share

Earnings Per Share

12.  Earnings Per Share

The following is a reconciliation of the average shares outstanding used to compute basic and diluted earnings per share:

	Three Months Ended		Six Months Ended
	June 30,		June 30,
	2011	2010	2011	2010
Basic weighted average common shares outstanding	130,457,059	130,574,043	130,440,221	130,535,386
Effect of dilutive securities - stock options and restricted stock	3,365,463	2,035,095	—	—
Diluted weighted average common shares outstanding	133,822,522	132,609,138	130,440,221	130,535,386

For the six months ended June 30, 2011 and 2010, the total number of potential dilutive securities was 3.3 million and 2.0 million, respectively.  However, these options were not included in the computation of diluted net loss per common share for the six months ended June 30, 2011 and 2010, since to do so would decrease the loss per share.  In addition, for the three and six months ended June 30, 2011, 2.5 million and 2.9 million, respectively, of common shares issuable upon the exercise of stock options were anti-dilutive and were excluded from the calculation of diluted earnings per share.  For the three and six months ended June 30, 2010, 1.9 million common shares issuable upon the exercise of stock options were anti-dilutive and were excluded from the calculation of diluted earnings per share.

No dividends were paid during each of the three and six-month periods ended June 30, 2011 and June 30, 2010.