Earnings per Share

9 Months Ended

Sep. 30, 2013

Earnings per Share [Abstract]

Earnings per Share

(3) Earnings per Share

The following table sets forth the calculation of basic and diluted weighted average shares outstanding and earnings per share for the indicated periods.

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2013		2012		2013		2012
	(in thousands, except for share data)
Income (numerator):
Net income (loss)	$	(1,284)	$	(2,247)	$	97,332	$	34,657
Net income attributable to participating securities		-		-		(1,059)		(260)
Net income (loss) attributable to common shares	$	(1,284)	$	(2,247)	$	96,273	$	34,397
Weighted average shares (denominator):
Weighted average shares—basic		38,589		38,743		38,760		38,926
Dilutive effect of stock options		-		-		496		130
Weighted average shares—diluted		38,589		38,743		39,256		39,056
Basic earnings (loss) per share	$	(0.03)	$	(0.06)	$	2.48	$	0.88
Diluted earnings (loss) per share	$	(0.03)	$	(0.06)	$	2.45	$	0.88

The following table indicates the number of shares underlying outstanding stock-based awards excluded from the computation of dilutive weighted average shares because their effect was antidilutive for the periods indicated.

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
(in thousands)	2013		2012		2013		2012
Weighted average shares		1,037		905		247		653