EARNINGS PER COMMON SHARE

12 Months Ended

Dec. 31, 2012

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

NOTE 5 — EARNINGS PER COMMON SHARE:

The computation of basic earnings per share is based on the weighted average number of common shares outstanding during the period. The computation of diluted earnings per share assumes the exercise of all dilutive stock options and restricted stock units using the treasury stock method. The components of the calculation of basic earnings per share and diluted earnings per share are as follows:

For the year ended December 31,	2012		2011			2010
Net loss	$	(480,114)	$	(201,363)	(a)	$	(122,542)	(a)
Common shares outstanding, basic and diluted:
Weighted average shares outstanding, basic and diluted		30,339,258		30,228,441			29,498,127

(a) Net loss has been restated for 2011 and 2010 as more fully described in Note 2, “Company Inquiry and Restatement.”

Awards of 2,383,896, 1,857,233 and 1,731,285 shares of common stock for 2012, 2011 and 2010, respectively, were not included in the computation of diluted earnings per share because inclusion of these awards would be anti-dilutive.

Unvested share-based payment awards that contain non-forfeitable rights to dividends are considered to be participating securities and have been included in the computation of earnings per share pursuant to the two-class method.