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NET INCOME PER SHARE
 9 Months Ended
Sep. 30, 2013
Earnings Per Share [Abstract]  
NET INCOME PER SHARE
NET INCOME (LOSS) PER SHARE
Basic and diluted net income per share was as follows:
 
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2013
 
2012
 
2013
 
2012
 
(In thousands, except per share amounts)
Basic net income per share:
 
 
 
 
 
 
 
Net income (loss)
$
(28,550
)
 
$
13,211

 
$
(29,160
)
 
$
28,418

Weighted average common shares outstanding
27,896

 
28,446

 
27,855

 
28,403

Basic net income per common share
$
(1.02
)
 
$
0.46

 
$
(1.05
)
 
$
1.00

Diluted net income per share:
 
 
 
 
 
 
 
Net income (loss)
$
(28,550
)
 
$
13,211

 
$
(29,160
)
 
$
28,418

Weighted average common shares outstanding — Basic
27,896

 
28,446

 
27,855

 
28,403

Effect of dilutive securities:
 
 
 
 
 
 
 
Stock options and restricted stock
—

 
331

 
—

 
226

Weighted average common shares for diluted earnings per share
27,896

 
28,777

 
27,855

 
28,629

Diluted net income per common share
$
(1.02
)
 
$
0.46

 
$
(1.05
)
 
$
0.99



At September 30, 2013 and 2012, the Company had 1.7 million of outstanding stock options. The Company also has warrants outstanding relating to its 2016 Notes at September 30, 2013 and 2012. Stock options, restricted stock and warrants are included in the diluted earnings per share calculation using the treasury stock method, unless the effect of including the stock options would be anti-dilutive. For the three and nine months ended September 30, 2013 all stock options, restricted stock and warrants were excluded in the diluted earnings per share calculation using the treasury stock method because of their anti-dilutive effect. For the three and nine months ended September 30, 2012, 1.0 million and 1.2 million of anti-dilutive stock options, respectively, were excluded from the diluted earnings per share calculation.