Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2012

Earnings Per Share [Abstract]

Schedule Computing Earnings Per Share

	Three Months Ended		Six Months Ended
	June 30,		June 30,
(in thousands, except market price data)	2012	2011	2012	2011
Net income/(loss) available to common shareholders	($33,745)	$8,762	$13,296	$25,495
Weighted average number of shares:
Weighted average number of shares used in
calculating basic net income per share	31,349	31,263	31,329	31,243
Effect of dilutive stock-based compensation plans:
Stock options	-	144	69	130
Long-term incentive plan	-	82	120	82
Weighted average number of shares used in
calculating diluted net income per share	31,349	31,489	31,518	31,455
Effect of stock-based compensation plans
that were not included in the computation of
diluted earnings per share because
to do so would have been antidilutive	-	-	-	-
Average market price of common stock used
for calculation of dilutive shares	$20.22	$25.32	$22.08	$24.57
Net income/(loss) per share:
Basic	($1.08)	$0.28	$0.42	$0.82
Diluted	($1.08)	$0.28	$0.42	$0.81
As of June 30, 2012 and 2011, there was no dilution resulting from the convertible debt instrument, purchased call option, and warrant that are described in Note 11.

Schedule of Shares Issued and Outstanding

	Class A	Class B	Less: Treasury	Net shares
	Shares	Shares	Shares	Outstanding
June 30, 2011	36,515,942	3,236,098	(8,479,487)	31,272,553
March 31, 2012	36,585,004	3,236,098	(8,479,487)	31,341,615
June 30, 2012	36,589,304	3,236,098	(8,467,873)	31,357,529