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NOTE 6 — (LOSS)/EARNINGS PER SHARE
Basic and diluted (loss)/earnings per share for the years ended December 31, 2011, 2010 and 2009 were calculated
as follows (in thousands, except per share amounts):
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|
September 30, |
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|
|
September 30, |
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|
September 30, |
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|
2011 |
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|
2010 |
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|
2009 |
|
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|
|
|
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Basic weighted average number of shares outstanding
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|
|
32,382 |
|
|
|
32,060 |
|
|
|
31,350 |
|
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|
|
|
|
Effect of dilutive securities:
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|
|
|
|
|
|
|
|
|
|
|
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Options to acquire common stock and unvested restricted stock (1)
|
|
|
0 |
|
|
|
262 |
|
|
|
0 |
|
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|
|
|
|
|
|
|
|
|
|
|
|
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Diluted average shares outstanding
|
|
|
32,382 |
|
|
|
32,322 |
|
|
|
31,350 |
|
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|
|
|
|
|
|
|
|
|
|
|
|
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|
|
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Net (loss)/income
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|
$ |
(21,106 |
) |
|
$ |
7,150 |
|
|
$ |
(66,456 |
) |
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|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
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Basic (loss)/earnings per share
|
|
$ |
(0.65 |
) |
|
$ |
0.22 |
|
|
$ |
(2.12 |
) |
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|
|
|
|
|
|
|
|
|
|
|
|
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|
|
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Diluted (loss)/earnings per share
|
|
$ |
(0.65 |
) |
|
$ |
0.22 |
|
|
$ |
(2.12 |
) |
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|
|
|
|
|
|
|
|
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|
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|
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|
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Antidilutive stock options not included in the calculation of diluted earnings per share
|
|
|
1,731 |
|
|
|
699 |
|
|
|
2,128 |
|
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|
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| (1) |
For periods with a net loss, basic weighted average shares outstanding is used for diluted calculations as required by GAAP because all options and non-vested shares
outstanding are considered anti-dilutive. |
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