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Net Income per Share
6 Months Ended
Jun. 30, 2011
Net Income per Share [Abstract]  
Earnings Per Share [Text Block]
Net Income per Share
Basic net income per share is computed by dividing net income by the weighted average number of shares outstanding during each period. Diluted net income per share is computed by dividing net income by the weighted average shares outstanding, as adjusted for the dilutive effect of common stock equivalents, which consist only of stock options, using the treasury stock method.


The following table reflects the weighted average shares outstanding used to compute basic and diluted net income per share:
 
Successor Company
 
Predecessor Company
 
Successor Company
 
Predecessor Company
 
For the three months ended June 30, 2011
 
For the three months ended June 30, 2010
 
For the period
February 12, to
June 30, 2011
 
For the period
January 1, to
February 11, 2011
 
For the six months ended
June 30, 2010
 
 
 
 
 
 
 
 
 
 
Net income
$
6,447


 
$
880


 
$
15,088


 
$
3,966


 
$
8,224


 
 
 
 
 
 
 
 
 
 
Weighted average shares outstanding:
 
 
 
 
 
 
 
 
Basic
37,556


 
37,556


 
37,556


 
37,556


 
37,556


Effect of dilutive shares
247


 


 
247


 
296


 


Diluted
37,803


 
37,556


 
37,803


 
37,852


 
37,556


 
 
 
 
 
 
 
 
 
 
Net income per share:
 
 
 
 
 
 
 
 
 
Basic
$
0.17


 
$
0.02


 
$
0.40


 
$
0.11


 
$
0.22


Diluted
$
0.17


 
$
0.02


 
$
0.40


 
$
0.10


 
$
0.22