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EARNINGS PER SHARE (Tables)
 3 Months Ended
Mar. 31, 2013
EARNINGS PER SHARE [Abstract]  
Reconciliation of Numerators and Denominators Used in Calculating Basic and Diluted Earnings Per Share
The following table provides a reconciliation of the numerators and denominators used in calculating basic and diluted earnings per share for the three month periods ended March 31, 2013 and 2012.

 
2013
 
 
2012
 
 
(In thousands,
 except per share data)
 
Basic earnings per share calculation :
 
 
 
 
 
 
Net (loss)/income to common stockholders
 
$
(8,212
)
 
$
5,649
 
 
 
 
 
 
 
 
 
Weighted average number of common shares outstanding
 
 
22,971
 
 
 
22,969
 
 
 
 
 
 
 
 
 
Basic net (loss)/income per share
 
$
(0.36
)
 
$
0.25
 
 
 
 
 
 
 
 
 
Diluted earnings per share calculation :
 
 
 
 
 
 
 
 
Net (loss)/income to common stockholders
 
$
(8,212
)
 
$
5,649
 
 
 
 
 
 
 
 
 
Weighted average number of common shares outstanding
 
 
22,971
 
 
 
22,969
 
Assumed conversion of Class B shares
 
 
—
 
 
 
219
 
Effect of dilutive stock options
 
 
—
 
 
 
70
 
Diluted weighted average number of common shares outstanding
 
 
22,971
 
 
 
23,258
 
 
 
 
 
 
 
 
 
Diluted net (loss)/income per share
 
$
(0.36
)
 
$
0.24