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Net Income (Loss) Per Common Share (Tables)
9 Months Ended
Sep. 30, 2012
Net Income (Loss) Per Common Share  
Schedule of net income (loss) per common share

The calculation of the weighted average number of common shares outstanding for Basic EPS and Diluted EPS for the periods indicated (in thousands, except per share data) is as follows:

 

 

Three Months Ended September 30,

 

Nine Months Ended September 30,

 

 

 

2012

 

2011

 

2012

 

2011

 

 

 

(Unaudited)

 

(Unaudited)

 

Numerator

 

 

 

 

 

 

 

 

 

Net Income (Loss)

 

$

20,933

 

$

116

 

$

37,211

 

$

(9,369

)

 

 

 

 

 

 

 

 

 

 

Denominator

 

 

 

 

 

 

 

 

 

Weighted average number of common shares outstanding

 

51,241

 

51,570

 

51,022

 

52,704

 

Effect of outstanding share-based awards

 

912

 

745

 

586

 

 

Weighted average number of shares for diluted net income (loss) per common share

 

52,153

 

52,315

 

51,608

 

52,704

 

 

 

 

 

 

 

 

 

 

 

Basic earnings (loss) per share

 

$

0.41

 

$

0.00

 

$

0.73

 

$

(0.18

)

Diluted earnings (loss) per share

 

$

0.40

 

$

0.00

 

$

0.72

 

$

(0.18

)