Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v2.4.0.6
Earnings Per Share
 9 Months Ended
Sep. 30, 2012
Earnings Per Share

10. Earnings Per Share

The following table presents the calculation of basic and diluted earnings per common share (in thousands, except per share amounts):

 

     Three Months Ended
September 30,		      Nine Months Ended
September 30,		  
     2012     2011      2012      2011  

Net income (loss)

    $ (1,471 )    $ 52,928       $ 55,315       $ 126,752   

Less portion distributed and allocated to nonvested shares

      90        1,118         1,128         2,680   
  

 

 

    

 

 

     

 

 

     

 

 

  

Net income (loss) allocated to common shares

    $ (1,561 )    $ 51,810       $ 54,187       $ 124,072   
  

 

 

    

 

 

     

 

 

     

 

 

  

Weighted average common shares outstanding

      74,327        74,028         74,315         74,017   
  

 

 

    

 

 

     

 

 

     

 

 

  

Basic and diluted earnings (loss) per common share

    $ (0.02 )    $ 0.70       $ 0.73       $ 1.68   

Shares excluded due to being anti-dilutive (weighted-average)

      1,866        1,995         1,823         1,798