Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share (Notes)

v2.4.0.6
Earnings Per Share (Notes)
 6 Months Ended
Jun. 30, 2012
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 three and six months ended June 30, 2012 and 2011:

 
Three Months Ended
 
Six Months Ended
 
June 30,
 
June 30,
(in thousands, except share data)
2012
 
2011
 
2012
 
2011
Numerator:
 
 
 
 
 
 
 
Net income (loss) attributable to common stockholders for basic and diluted earnings per share
$
24,004

 
$
(984
)
 
$
75,804

 
$
21,393

Denominator:
 
 
 
 
 
 
 
Weighted average common shares outstanding
214,764,586

 
77,042,875

 
200,784,364

 
61,388,974

Weighted average restricted stock shares
45,993

 
58,731

 
48,720

 
55,004

Basic and diluted weighted average shares outstanding
214,810,579

 
77,101,606

 
200,833,084

 
61,443,978

Basic and Diluted Earnings (Loss) Per Share:
$
0.11

 
$
(0.01
)
 
$
0.38

 
$
0.35



For the three and six months ended June 30, 2012 and 2011, 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.