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Earnings (Loss) Per Share
3 Months Ended
Mar. 31, 2012
Earnings (Loss) Per Share [Abstract]  
Earnings (Loss) Per Share

10. Earnings (Loss) Per Share

Basic earnings (loss) per share is computed by dividing income available to common stockholders by the weighted average number of shares outstanding for the periods presented. The calculation of diluted earnings (loss) per share includes the impact of potentially dilutive non-vested restricted shares outstanding during the periods presented, unless their effect is anti-dilutive. There are no adjustments made to income available to common stockholders in the calculation of diluted earnings (loss) per share.

The following is a calculation of the basic and diluted weighted-average shares outstanding for the three months ended March 31, 2012 and 2011:

 

Three Months
Ended March 31,
 
     2012      2011  
     (In thousands)  

Basic weighted average common shares outstanding

     92,130         92,047   

Dilution effect of stock awards at end of period(1)

     101         —     
  

 

 

    

 

 

 

Diluted weighted average common shares outstanding

     92,231         92,047   
  

 

 

    

 

 

 

Anti-dilutive stock-based compensation awards

     376         260