Annual report pursuant to Section 13 and 15(d)

Earnings Per Share (Notes)

v2.4.0.6
Earnings Per Share (Notes)
 12 Months Ended
Dec. 31, 2011
Earnings Per Share [Abstract]  
Earnings Per Share
Earnings Per Share
The following table presents a reconciliation of the earnings and shares used in calculating basic and diluted earnings per share, or EPS, for the years ended December 31, 2011, 2010 and 2009:
 
Year Ended
 
December 31,
(in thousands, except share data)
2011
 
2010
 
2009
Numerator:
 
 
 
 
 
Net income (loss) to common stockholders for basic and diluted earnings per share
$
127,432

 
$
35,755

 
$
(8,837
)
Denominator:
 
 
 
 
 
Weighted average common shares outstanding
98,771,248

 
22,340,975

 
22,937,782

Weighted average restricted stock shares
55,620

 
40,708

 
3,946

Basic and diluted weighted average shares outstanding
98,826,868

 
22,381,683

 
22,941,728

Basic and Diluted Earnings (Loss) Per Share:
$
1.29

 
$
1.60

 
$
(0.39
)


For the years ended December 31, 2011, 2010 and 2009, the Company has assumed that no warrants would be exercised as the weighted average market value per share of the Company's common stock was below the strike price of the warrants and the warrants would be anti-dilutive.