Basic and Diluted Earnings (Loss) Per Common Share

6 Months Ended

Jun. 30, 2013

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 436,000 and 527,000 related to stock options, and stock settled appreciation rights for each of the periods ended June 30, 2013 and 2012, respectively, were excluded from the computation of diluted EPS because they would have been anti-dilutive.

	Three Months Ended June 30,					Six Months Ended June 30,
(Dollars in thousands, except per share data)	2013		2012			2013		2012
Basic:
Net income available to common shareholders	$	2,017	$	(3,272	)	$	3,124	$	(3,271	)
Average basic shares outstanding		93,973,256		93,667,231			93,960,270		93,642,680
Basic earnings per share	$	0.02	$	(0.03	)	$	0.03	$	(0.03	)
Diluted:
Net income available to common shareholders	$	2,017	$	(3,272	)	$	3,124	$	(3,271	)
Average basic shares outstanding		93,973,256		93,667,231			93,960,270		93,642,680
Employee restricted stock		709,145		785,086			694,124		780,931
Average diluted shares outstanding		94,682,401		94,452,317			94,654,394		94,423,611
Diluted earnings per share	$	0.02	$	(0.03	)	$	0.03	$	(0.03	)