EARNINGS PER SHARE (Tables)

3 Months Ended

Mar. 31, 2013

EARNINGS PER SHARE

Schedule of computation of basic and diluted loss per share

	Three Months Ended
	March 31
	2013			2012
	(in thousands, except share and per share data)
Basic
Numerator:
Net loss	$	(13,395	)	$	(18,162	)
Effect of unvested restricted stock awards	(38		)	(34		)
Adjusted net loss	$	(13,433	)	$	(18,196	)
Denominator:
Weighted-average shares	25,638,333			25,455,607
Loss per common share	$	(0.52	)	$	(0.71	)
Diluted
Numerator:
Net loss	$	(13,395	)	$	(18,162	)
Effect of unvested restricted stock awards	(38		)	(34		)
Adjusted net loss	$	(13,433	)	$	(18,196	)
Denominator:
Weighted-average shares	25,638,333			25,455,607
Effect of dilutive securities	—			—
Adjusted weighted-average shares and assumed conversions	25,638,333			25,455,607
Loss per common share	$	(0.52	)	$	(0.71	)