XML 84 R29.htm IDEA: XBRL DOCUMENT v2.4.0.8
Earnings per share (Tables)
 6 Months Ended
Jun. 30, 2013
Earnings Per Share [Abstract]  
Basic and diluted earnings (loss) per share
The following table shows the basic and diluted earnings per share for the three and six months ended June 30, 2013 and June 30, 2012:
 
For the three months ended June 30,
 
2013
 
2012
 
Loss
Shares (000)
Per-Share
 
Loss
Shares (000)
Per-Share
Net loss
$
(34,573
)
 
 
 
$
(12,277
)
 
 
Amount allocated to common shareholders (1)
100
%
 
 
 
100
%
 
 
Basic EPS:
 
 
 
 
 
 
 
Loss allocable to common shareholders
(34,573
)
88,597

$
(0.39
)
 
(12,277
)
88,452

$
(0.14
)
Diluted EPS:
 
 
 
 
 
 
 
Loss applicable to common shareholders with assumed conversion
$
(34,573
)
88,597

$
(0.39
)
 
$
(12,277
)
88,452

$
(0.14
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
For the six months ended June 30,
 
2013
 
2012
 
Loss
Shares (000)
Per-Share
 
Loss
Shares (000)
Per-Share
Net loss
$
(26,320
)
 
 
 
$
(16,678
)
 
 
Amount allocated to common shareholders (1)
100
%
 
 
 
100
%
 
 
Basic EPS:
 
 
 
 
 
 
 
Loss allocable to common shareholders
(26,320
)
88,576

$
(0.30
)
 
(16,678
)
88,589

$
(0.19
)
Diluted EPS:
 
 
 
 
 
 
 
Loss applicable to common shareholders with assumed conversion
$
(26,320
)
88,576

$
(0.30
)
 
$
(16,678
)
88,589

$
(0.19
)

(1)
We have not allocated net losses between common and preferred shareholders, as the holders of our preferred shares do not have a contractual obligation to share in the loss.
Schedule of Antidilutive Securities Excluded from Computation of Earnings per Share
Calculation of EPS:
Three months ended June 30,
Six months ended June 30,
 
2013
2012
2013
2012
Options to purchase common stock
620,334

626,334

620,334

626,334

Weighted average service-based share awards outstanding
576,510

395,791

496,234

370,658

Excluded from the calculation of diluted EPS:
 
 
 
 
Stock options (1)
620,334

626,334

620,334

632,334

Service-based share award
576,510

395,791

496,234

370,658

(1)
These stock option awards were excluded from the calculation of diluted EPS because the exercise price of these options was greater than the average market price of the underlying common stock, except in periods when we had a net loss where all options were excluded because of their antidilutive effect on earnings per share.