Basic and Diluted Earnings (Loss) Per Common Share

9 Months Ended

Sep. 30, 2011

Basic and Diluted Earnings (Loss) Per Common Share [Abstract]

BASIC AND DILUTED EARNINGS (LOSS) PER COMMON SHARE

NOTE C — BASIC AND DILUTED EARNINGS (LOSS) PER COMMON SHARE

Equivalent shares of 1,125,000 and 1,140,000 related to stock options, stock settled appreciation rights and warrants for the periods ended September 30, 2011 and 2010, respectively, were excluded from the computation of diluted EPS because they would have been anti-dilutive.

	Three Months Ended September 30,					Nine Months Ended September 30,
(Dollars in thousands, except per share data)	2011		2010			2011		2010
Basic:
Net income (loss) available to common shareholders	$	1,711	$	(8,575	)	$	1,308	$	(25,809	)
Average basic shares outstanding		93,524,950		93,388,715			93,492,180		70,878,230
Basic (loss) EPS	$	0.02	$	(0.09	)	$	0.01	$	(0.36	)
Diluted:
Net income (loss) available to common shareholders	$	1,711	$	(8,575	)	$	1,308	$	(25,809	)
Average shares basic outstanding		93,524,950		93,388,715			93,492,180		70,878,230
Employee restricted stock		353,249		0			119,043		0
Average diluted shares outstanding		93,878,199		93,388,715			93,611,223		70,878,230
Diluted (loss) EPS	$	0.02	$	(0.09	)	$	0.01	$	(0.36	)