v2.3.0.15
Earnings And Dividend Per Share
9 Months Ended
Sep. 30, 2011
Earnings And Dividend Per Share [Abstract] 
Earnings And Dividend Per Share

6. Earnings and Dividend Per Share

The following is a reconciliation of the basic and diluted earnings per share computation:

 

     Three Months Ended
September 30,		     Nine Months Ended
September 30,		  
     2011      2010     2011      2010  

Net income/(loss)

    $ 1,359       $ (1,517 )    $ 2,203       $ (6,969 ) 
  

 

 

     

 

 

    

 

 

     

 

 

  

Shares of common stock and common stock equivalents:

           

Weighted averages shares used in basic computation (in thousands)

      114,238         112,424        113,886         111,675   

Dilutive effect of stock options and unvested restricted stock (in thousands)

      21,837         —          21,729         —     
  

 

 

     

 

 

    

 

 

     

 

 

  

Weighted averages shares used in dilutive computation (in thousands)

      136,075         112,424        135,615         111,675   
  

 

 

     

 

 

    

 

 

     

 

 

  

Basic earnings per share

    $ 0.01       $ (0.01 )    $ 0.02       $ (0.06 ) 

Dilutive earnings per share

    $ 0.01       $ (0.01 )    $ 0.02       $ (0.06 ) 

Diluted earnings per share reflects the potential reduction in earnings per share that could occur if options or other contracts to issue common stock were exercised or converted into common stock. Options and restricted shares to purchase shares of common stock were included in the three and nine months ended September 30, 2011 but not included in the computation of diluted loss per share for the three and nine months ended September 30, 2010 as the Company incurred losses during those periods. The number of outstanding options and unvested restricted stock excluded for the three and nine months ended September 30, 2010 were 21,765 and 2,582, respectively.