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EARNINGS (LOSS) PER SHARE (Tables)
12 Months Ended
Dec. 31, 2012
EARNINGS (LOSS) PER SHARE  
Schedule of information used to compute basic and diluted earnings (loss) per share

 

 

 

 

Year Ended December 31,

 

 

 

2012

 

2011

 

2010

 

 

 

(In thousands, except per share data)

 

 

 

 

 

 

 

 

 

Net income (loss)

 

$

47,421

 

$

36,571

 

$

(250,953

)

Preferred stock dividends, accretion of discount and conversion
of preferred stock to common stock

 

 

(83,897

)

8,432

 

Net income (loss) available to common shareholders

 

$

47,421

 

$

120,468

 

$

(259,385

)

 

 

 

 

 

 

 

 

Weighted average shares outstanding - basic

 

41,720

 

35,891

 

1,516

 

Dilutive effect of employee stock options and awards

 

278

 

415

 

 

Dilutive effect of deferred salary restricted stock units

 

64

 

16

 

 

Dilutive effect of Treasury warrants

 

22

 

20

 

 

Weighted average shares outstanding - diluted

 

42,084

 

36,342

 

1,516

 

 

 

 

 

 

 

 

 

Basic earnings (loss) per share

 

$

1.14

 

$

3.36

 

$

(171.13

)

Diluted earnings (loss) per share

 

$

1.13

 

$

3.31

 

$

(171.13

)