The computations of basic and diluted earnings per share ("EPS") are set forth below:



	For the three months ended June 30,						For the six months ended June 30,
	2012			2011			2012			2011
	(In thousands, except share and per share data)
Basic earnings/ (loss) per share - Numerator:
Net income/ (loss) from continuing operations	$	12,330		$	13,769		$	21,074		$	12,705
Less: Net income attributable to noncontrolling interests	759			777			1,552			1,525
Net income/ (loss) from continuing operations attributable to the Company	11,571			12,992			19,522			11,180
Decrease/ (increase) in noncontrolling interests' redemption values (1)	163			(126		)	77			(330		)
Dividends on participating securities	(92		)	(99		)	(184		)	(188		)
Total adjustments to income attributable to common shareholders	71			(225		)	(107		)	(518		)
Net income/ (loss) from continuing operations attributable to common shareholders, before allocation to participating securities	11,642			12,767			19,415			10,662
Less: Amount allocated to participating securities	(1,188		)	(1,297		)	(1,950		)	(981		)
Net income/ (loss) from continuing operations attributable to common shareholders, after allocation to participating securities	$	10,454		$	11,470		$	17,465		$	9,681
Net income/ (loss) from discontinued operations, before allocation to participating securities	$	2,590		$	1,553		$	4,144		$	3,216
Less: Amount allocated to participating securities	(283		)	(168		)	(452		)	(344		)
Net income/ (loss) from discontinued operations, after allocation to participating securities	$	2,307		$	1,385		$	3,692		$	2,872
Net income/ (loss) attributable to common shareholders, before allocation to participating securities	$	14,232		$	14,320		$	23,559		$	13,878
Less: Amount allocated to participating securities	(1,471		)	(1,465		)	(2,402		)	(1,325		)
Net income/ (loss) attributable to common shareholders, after allocation to participating securities	$	12,761		$	12,855		$	21,157		$	12,553

Basic earnings/ (loss) per share - Denominator:
Weighted average basic common shares outstanding	75,803,973			75,194,687			75,718,949			74,934,058
Per share data - Basic earnings/ (loss) per share from:
Continuing operations	$	0.14		$	0.15		$	0.23		$	0.13
Discontinued operations	$	0.03		$	0.02		$	0.05		$	0.04
Total attributable to common shareholders	$	0.17		$	0.17		$	0.28		$	0.17



	For the three months ended June 30,				For the six months ended June 30,
	2012		2011		2012		2011
	(In thousands, except share and per share data)
Diluted earnings/ (loss) per share - Numerator:
Net income/ (loss) from continuing operations attributable to common shareholders, after allocation to participating securities	$	10,454	$	11,470	$	17,465	$	9,681
Add back: income allocated to dilutive securities	—		—		—		—
Net income/ (loss) from continuing operations attributable to common shareholders, after allocation to participating securities, after assumed dilution	10,454		11,470		17,465		9,681
Net income/ (loss) from discontinued operations, after allocation to participating securities	2,307		1,385		3,692		2,872
Net income/ (loss) attributable to common shareholders, after allocation to participating securities, after assumed dilution	$	12,761	$	12,855	$	21,157	$	12,553
Diluted earnings/ (loss) per share - Denominator:
Weighted average basic common shares outstanding	75,803,973		75,194,687		75,718,949		74,934,058
Dilutive effect of:
Stock options and performance-based restricted stock(2)	397,512		158,492		387,634		157,992
Warrants to purchase common stock (2)	303,607		—		326,524		120,599
Dilutive common shares	701,119		158,492		714,158		278,591
Weighted average diluted common shares outstanding (2)	76,505,092		75,353,179		76,433,107		75,212,649
Per share data - Diluted earnings/ (loss) per share from:
Continuing operations	$	0.14	$	0.15	$	0.22	$	0.13
Discontinued operations	$	0.03	$	0.02	$	0.05	$	0.04
Total attributable to common shareholders	$	0.17	$	0.17	$	0.28	$	0.17
Dividends per share declared on common stock	$	0.01	$	0.01	$	0.02	$	0.02

_____________________

(1)

See Part II. Item 8. “Financial Statements and Supplementary Data—Note 16: Noncontrolling Interests” in the Company's Annual Report on Form 10-K for the year ended December 31, 2011 for a description of the redemption values related to the redeemable noncontrolling interests. In accordance with the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 480, Distinguishing Liabilities from Equity (“ASC 480”), an increase in redemption value from period to period reduces income attributable to common shareholders. Decreases in redemption value from period to period increase income attributable to common shareholders, but only to the extent that the cumulative change in redemption value remains a cumulative increase since adoption of this standard in the first quarter of 2009.


(2)	The diluted EPS computations for the three and six months ended June 30, 2012 and 2011 do not assume the conversion, exercise, or contingent issuance of the following shares for these periods because the result would have been anti-dilutive for the periods indicated. As a result of the anti-dilution, the potential common shares excluded from the diluted EPS computation are as follows:



	For the three months ended June 30,		For the six months ended June 30,
	2012	2011	2012	2011
Shares excluded due to anti-dilution (treasury method):	(In thousands)
Potential common shares from:
Convertible trust preferred securities (a)	1,268	1,707	1,268	1,707
Total shares excluded due to anti-dilution	1,268	1,707	1,268	1,707



	For the three months ended June 30,		For the six months ended June 30,
	2012	2011	2012	2011
Shares excluded due to exercise price exceeding the average market price of common shares during the period (total outstanding):	(In thousands)
Potential common shares from:
Options, restricted stock, or other dilutive securities (b)	2,823	3,802	2,875	3,797
Warrants (c)	—	2,888	—	2,888
Total shares excluded due to exercise price exceeding the average market price of common shares during the period	2,823	6,690	2,875	6,685

(a)

If the effect of the conversion of the trust preferred securities would have been dilutive, interest expense, net of tax, related to the convertible trust preferred securities of $0.3 million and $0.4 million for the three months ended June 30, 2012 and 2011, respectively, and of $0.6 million and $0.9 million for the six months ended June 30, 2012 and 2011, respectively, would have been added back to net income/ (loss) attributable to common shareholders for diluted EPS computations for the periods presented.

(b)

Options to purchase shares of common stock, non-participating restricted stock, and other dilutive securities that were outstanding at period ends were not included in the computation of diluted EPS or in the above anti-dilution table because their exercise or conversion prices were greater than the average market price of the common shares during the respective periods. Shares excluded from the diluted EPS computation are listed in the second table above for each respective period.

(c)

Certain warrants to purchase shares of common stock that were outstanding at period ends were not included in the computations of diluted EPS because the warrants' exercise price was greater than the average market price of the common shares during the respective period. Shares excluded from the diluted EPS computation are listed in the second table above for each respective period. See Part II. Item 8. "Financial Statements and Supplementary Data—Note 27: Subsequent Events" in the Company's Annual Report on Form 10-K for the year ended December 31, 2011 for a discussion of the 2012 repurchase of the Carlyle warrants and the Director's warrants.