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Earnings Per Share
12 Months Ended
Dec. 31, 2012
Earnings Per Share [Abstract]  
Earnings Per Share

8. Earnings Per Share

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

 

                         
    For the Year Ended
December 31,
 
    2012     2011     2010  
    (shares in thousands)  

Net income/(loss)

  $ 11,030     $ 3,092     $ (7,549
   

 

 

   

 

 

   

 

 

 

Shares of common stock and common stock equivalents:

                       

Weighted averages shares used in basic computation

    122,138       114,132       111,981  

Dilutive effect of stock options and unvested restricted stock

    15,830       21,407        
   

 

 

   

 

 

   

 

 

 

Weighted averages shares used in dilutive computation

    137,968       135,539       111,981  
   

 

 

   

 

 

   

 

 

 

Basic earnings/(loss) per share

  $ 0.09     $ 0.03     $ (0.07

Dilutive earnings/(loss) per share

  $ 0.08     $ 0.02     $ (0.07

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 under the treasury stock method. The dilutive effect of options and restricted shares to purchase shares of common stock were included in the years ended December 31, 2012 and 2011, respectively, but not included in the computation of diluted loss per share for the years ended December 31, 2010 , as the Company incurred losses during that year.