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Earnings Per Share (Tables)
3 Months Ended
Mar. 31, 2012
Earnings Per Share (Tables) [Abstract]  
Reconciliation of basic to diluted (loss) earnings per share

The following is a summary of our earnings per share calculations and reconciliation of basic to diluted earnings (loss) per share.

 

                                                 
    For the Three Months Ended March 31,  
    2012     2011  
                Per                 Per  
          Average     Share           Average     Share  
    Income     Shares     Amount     Income     Shares     Amount  
    (In thousands, except per share data)  
             

Net income (loss)

  $ 72,987                     $ (555,664                
   

 

 

                   

 

 

                 

Basic earnings (loss) per share:

                                               

Income (loss) available to common stockholders

  $ 72,987       495,983     $ 0.15     $ (555,664     493,843     $ (1.13
                   

 

 

                   

 

 

 

Effect of dilutive common stock equivalents

    —         25               —         —            
   

 

 

   

 

 

           

 

 

   

 

 

         

Diluted earnings (loss) per share:

                                               

Income (loss) available to common stockholders

  $ 72,987       496,008     $ 0.15     $ (555,664     493,843     $ (1.13