Earnings (Loss) Per Common Share

12 Months Ended

Dec. 31, 2011

Earnings (Loss) Per Common Share [Abstract]

Earnings (Loss) Per Common Share

5. EARNINGS (LOSS) PER COMMON SHARE

A reconciliation of the numerators and denominators of the basic and diluted earnings (loss) from continuing operations to earnings (loss) per share computations follows (in thousands except per share amounts):

	December 31, 2011						December 31, 2010								December 31, 2009
	Earnings from continuing operations (numerator)		Shares (denominator)		Per- share amount		Loss from continuing operations (numerator)			Shares (denominator)		Per- share amount			Loss from continuing operations (numerator)			Shares (denominator)		Per- share amount
Basic earnings (loss) available to common shareholders:
Earnings (loss)	$	23,431		23,088	$	1.01	$	(7,406	)		20,382	$	(0.36	)	$	(180,534	)		19,449	$	(9.28	)
Effect of dilutive securities:
Stock options				635							—								—
Unvested restricted stock				200							—								—
Unexercised stock warrants				429							—								—
Diluted earnings (loss) available to common shareholders:
Earnings (loss)	$	23,431		24,352	$	0.96	$	(7,406	)		20,382	$	(0.36	)	$	(180,534	)		19,449	$	(9.28	)

The effect of our stock options, restricted stock and stock warrants which represent the shares shown in the table above are included in the computation of diluted earnings per share for each year. There is no effect of our stock options, restricted stock and stock warrants in the computation of diluted earnings per share for the years ended December 31, 2010 and 2009 due to a net loss in both periods.

The following securities were not included in the calculation of diluted EPS because such inclusion would be anti-dilutive (in thousands):

	For the years ended December 31,
	2011		2010		2009
Stock options		1,573		2,126		2,171
Restricted stock		134		313		610
Warrants		1		1		1,747