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Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2011
Earnings Per Share  
Computations of Basic and Diluted EPS

 

 

 

 

Three Months Ended

 

 

 

Three Months Ended

 

 

 

 

June 30, 2011

 

 

 

June 30, 2010

 

 

 

 

Income

 

 

 

Shares

 

 

 

Income

 

 

 

Shares

 

Basic:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss) applicable to common shareholders

 

$

41,313

 

 

 

 

 

 

$

(85,551

)

 

 

 

 

Less: Undistributed net income allocable to participating securities

 

 

(514

)

 

 

 

 

 

 

0

 

 

 

 

 

Net income (loss) applicable to common stock

 

$

40,799

 

 

 

104,673

 

 

$

(85,551

)

 

 

104,125

 

 

 

 

 

Three Months Ended

June 30, 2011

 

 

 

Three Months Ended

June 30, 2010

 

 

 

 

 

 

 

 

 

 

 

Income

 

 

 

Shares

 

 

 

Income

 

 

 

Shares

 

Diluted:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net  income (loss) per common share – Basic

 

$

40,799

 

 

 

104,673

 

 

$

(85,551

)

 

 

104,125

 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Stock options

 

 

0

 

 

 

106

 

 

 

0

 

 

 

0

 

Undistributed earnings reallocated to participating securities

 

 

3

 

 

 

0

 

 

 

0

 

 

 

0

 

Convertible Senior Notes

 

 

0

 

 

 

0

 

 

 

0

 

 

 

0

 

Convertible preferred stock

 

 

10

 

 

 

361

 

 

 

0

 

 

 

0

 

Net income (loss) per common share – Diluted

 

$

40,812

 

 

 

105,140

 

 

$

(85,551

)

 

 

104,125

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Six Months Ended

 

 

 

Six Months Ended

 

 

 

 

June 30, 2011

 

 

 

June 30, 2010

 

 

 

 

Income

 

 

 

Shares

 

 

 

Income

 

 

 

Shares

 

Basic:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss) applicable to common shareholders

 

$

67,170

 

 

 

 

 

 

$

(103,442

)

 

 

 

 

Less: Undistributed net income allocable to participating securities

 

 

(850

)

 

 

 

 

 

 

 

 

 

 

 

Net income (loss) applicable to common stock

 

$

66,320

 

 

 

104,573

 

 

$

(103,442

)

 

 

103,610

 

 

 

 

 

Six Months Ended

June 30, 2011

 

 

 

Six Months Ended

June 30, 2010

 

 

 

 

 

 

 

 

 

 

 

Income

 

 

 

Shares

 

 

 

Income

 

 

 

Shares

 

Diluted:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net  income (loss) per common share –  Basic

 

$

66,320

 

 

 

104,573

 

 

$

(103,442

)

 

 

103,610

 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Stock options

 

 

0

 

 

 

90

 

 

 

0

 

 

 

0

 

Undistributed earnings reallocated to participating securities

 

 

4

 

 

 

0

 

 

 

0

 

 

 

0

 

Convertible Senior Notes

 

 

0

 

 

 

0

 

 

 

0

 

 

 

0

 

Convertible preferred stock

 

 

20

 

 

 

361

 

 

 

0

 

 

 

0

 

Net income (loss) per common share –  Diluted

 

$

66,344

 

 

 

105,024

 

 

$

(103,442

)

 

 

103,610

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Excluded Securities on Diluted Shares Calculation

 

 

 

Three Months

 

 

 

Six Months

Diluted shares (as reported)

 

 

104,125

 

 

 

103,610

Stock options

 

 

94

 

 

 

80

Convertible preferred stock

 

 

1,195

 

 

 

1,689

Total

 

 

105,414

 

 

 

105,379