Net Income (Loss) Per Share

6 Months Ended

Jun. 30, 2011

Net Income (Loss) Per Share

10.   Net Income (Loss) Per Share

Basic net income (loss) per share amounts have been computed based on the weighted-average number of common shares outstanding.  Diluted net income (loss) per share amounts have been computed based on the weighted-average number of common shares outstanding plus the dilutive effect of potential common shares.  The computation of potential common shares has been performed using the treasury stock method.  The changes in income or loss that would result if the warrants were reported as an equity instrument are reflected as an adjustment to the numerator.  When net loss is reported, diluted and basic net loss per share amounts are the same as the impact of potential common shares is antidilutive.

The calculation of net income (loss) and the number of shares used to compute basic and diluted earnings per share for the three and six-month periods ended June 30, 2011 and 2010 are as follows:

	Three Months Ended June 30,						Six Months Ended June 30,
In thousands	2011			2010			2011			2010
Net income (loss)	$	(47,762	)	$	159,348		$	(85,711	)	$	135,950
Impact of assumed exercise of warrants		---			(2,138	)		---			3,942
Adjusted net income (loss)	$	(47,762	)	$	157,210		$	(85,711	)	$	139,892

Weighted average shares outstanding - basic	132,021	110,290	130,518	109,657
Dilutive stock options	---	633	---	508
Restricted stock and restricted stock units	---	1,148	---	930
Warrants	---	4,008	---	3,278
Weighted average shares outstanding ­- diluted	132,021	116,079	130,518	114,373

For the three-month and six-month periods ended June 30, 2011 and 2010, the following potentially dilutive securities were not included in the computation of net income (loss) per share because the effect would be anti-dilutive:

	Three Months Ended June 30,				Six Months Ended June 30,
In thousands	2011		2010		2011		2010
Stock options		6,958		6,100		6,958		6,269
Restricted stock and restricted stock units		2,791		---		2,791		---
Warrants		6,038		---		6,038		---
		15,787		6,100		15,787		6,269