Earnings Per Share

6 Months Ended

Jun. 30, 2011

Earnings Per Share

Earnings Per Share

(13) Earnings Per Share

The following is a reconciliation of the basic and diluted earnings per share computations (amounts in thousands, except per share amounts):

	June 30,
	2011			2010
Three Months Ended
Net (loss) income for basic and diluted earnings per share	$	(196,143	)	$	7,508
Shares of common stock and common stock equivalents:
Average common shares used in basic computation	41,112			43,226
Effect of dilutive securities	—			478
Average common shares used in diluted computation	41,112			43,704
(Loss) earnings per share:
Basic	$	(4.77	)	$	0.17
Diluted	$	(4.77	)	$	0.17
Six Months Ended
Net (loss) income for basic and diluted earnings per share	$	(186,594	)	$	15,940
Shares of common stock and common stock equivalents:
Average common shares used in basic computation	41,272			43,525
Effect of dilutive securities	—			604
Average common shares used in diluted computation	41,272			44,129
(Loss) earnings per share:
Basic	$	(4.52	)	$	0.37
Diluted	$	(4.52	)	$	0.36

The following is a summary of anti-dilutive equity awards not included in the detailed earnings per share computations (amounts in thousands):

	June 30,
	2011	2010
Three months ended	1,849	1,031
Six months ended	1,438	708

The impact of all common stock equivalents on 2011 per share amounts is anti-dilutive due to the fact that the Company is reporting a loss.