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 |
|
|