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PER SHARE DATA
6 Months Ended
Jun. 30, 2011
PER SHARE DATA [Abstract]  
PER SHARE DATA
NOTE 6 - PER SHARE DATA

The computation of basic earnings per share ("EPS") is based on the weighted average number of shares of common stock outstanding.  The computation of diluted earnings per share is based on the weighted average number of shares of common stock outstanding plus the shares resulting from the assumed exercise of all outstanding share-based awards using the treasury stock method.  Weighted-average antidilutive stock options for 3.0 million shares of Company common stock for both the three months and six months ended June 30, 2011, with a weighted average exercise price of $21.03 and $21.01 per share for the three months and six months ended June 30, 2011, respectively, were excluded from diluted shares.  Because of  the net loss attributable to common shareholders for the three and six months ended June 30, 2010, no potentially dilutive shares were included in the loss per share calculations as including such shares would have been antidilutive.  Weighted-average antidilutive stock options for 2.6 million and 2.7 million shares of Company common stock with a weighted average exercise price of $22.39 and $22.36 per share for the three months and six months ended June 30, 2010, respectively, were excluded from diluted shares.  There were no antidilutive other equity awards for the three months and six months ended June 30, 2011.  Antidilutive other equity awards of approximately 99,000 and 270,000 shares of Company common stock for the three months and six months ended June 30, 2010 were also excluded from diluted shares.  The following tables provide a reconciliation of the numerators and denominators of the basic and diluted earnings per share computations for the periods shown:

 
   
Three months ended June 30,
 
   
2011
  
2010
 
   
Income
  
Shares
  
Per Share
  
Income
  
Shares
  
Per Share
 
   
(Numerator)
  
(Denominator)
  
Amount
  
(Numerator)
  
(Denominator)
  
Amount
 
Basic EPS
 
(In thousands, except per share amounts)
 
Income (loss) available to common
                  
   shareholders
 $12,826   83,454  $0.15  $(12,560)  83,429  $(0.15)
Effect of dilutive share-
                        
  based awards
  -   60       -   -     
                          
Diluted EPS
                        
Income (loss) available to common
                        
   shareholders plus assumed
                        
   exercise of all outstanding
                        
   share-based awards
 $12,826   83,514  $0.15  $(12,560)  83,429  $(0.15)
 
   
Six months ended June 30,
 
   
2011
  
2010
 
   
Income
  
Shares
  
Per Share
  
Income
  
Shares
  
Per Share
 
   
(Numerator)
  
(Denominator)
  
Amount
  
(Numerator)
  
(Denominator)
  
Amount
 
Basic EPS
 
(In thousands, except per share amounts)
 
Income (loss) available to common
                  
   shareholders
 $12,332   83,451  $0.15  $(4,164)  83,416  $(0.05)
Effect of dilutive share-
                        
  based awards
  -   59       -   -     
                          
Diluted EPS
                        
Income (loss) available to common
                        
   shareholders plus assumed
                        
   exercise of all outstanding
                        
   share-based awards
 $12,332   83,510  $0.15  $(4,164)  83,416  $(0.05)