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PER SHARE OF COMMON STOCK (Tables)
12 Months Ended
Dec. 31, 2012
Earnings Per Share [Abstract]  
Calculation of basic and diluted net income (loss) per share

The calculation of basic and diluted net income (loss) per share is determined using net income (loss) applicable to common stockholders as the numerator and the number of shares included in the denominator as follows (in thousands, except per share amounts):

 

    Years Ended December 31,  
    2012     2011     2010  
Basic net income (loss) per share                        
Net income (loss) applicable to common stockholders   $ 105,631     $ 15,042     $ (167,214 )
Undistributed earnings allocated to participating securities     (904 )     (84 )     -  
Net income (loss) applicable to common stockholders excluding amounts applicable to participating securities   $ 104,727     $ 14,958     $ (167,214 )
Weighted average common shares outstanding     68,325       68,086       49,819  
Basic net income (loss) per share   $ 1.53     $ 0.22     $ (3.36 )
                         
Diluted net income (loss) per share:                        
Net income (loss) applicable to common stockholders   $ 105,631     $ 15,042     $ (167,214 )
Undistributed earnings allocated to participating securities     (904 )     (84 )     -  
Net income (loss) applicable to common stockholders excluding amounts applicable to participating securities   $ 104,727     $ 14,958     $ (167,214 )
                         
Weighted average common shares outstanding     68,325       68,086       49,819  
Dilutive stock options and restricted stock     239       332       -  
Diluted weighted average common shares outstanding     68,564       68,418       49,819  
Diluted net income (loss) per share   $ 1.53     $ 0.22     $ (3.36 )
Calculation of average diluted shares outstanding

The calculation of average diluted shares outstanding for the periods ending December 31, 2012, 2011 and 2010 excludes the antidilutive effects of the following potential common shares (in thousands):

 

  Years Ended December 31, 
  2012  2011  2010 
Stock options and restricted stock  -   -   336 
Redeemable warrants  -   -   12,890 
Options to purchase common shares  1,676   1,376   1,437