Annual report pursuant to Section 13 and 15(d)

Reconciliation of Income and Number of Shares Used to Calculate Basic and Diluted Earnings per Share (EPS)

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Reconciliation of Income and Number of Shares Used to Calculate Basic and Diluted Earnings per Share (EPS)
 12 Months Ended
Dec. 31, 2012
Reconciliation of Income and Number of Shares Used to Calculate Basic and Diluted Earnings per Share (EPS)

Note 10 — Reconciliation of Income and Number of Shares Used to Calculate Basic and Diluted Earnings per Share (EPS)

 

     For the Year Ended December 31, 2012  
     Income
(Numerator) 		    Shares
(Denominator) 		     Per-Share
Amount 		 
       

Basic EPS

    $ 37,313,000        117,721,135       $ 0.32   

Effect of dilutive securities:

        

Stock options and restricted stock

        1,372,455       $ (0.01 ) 
  

 

 

    

 

 

     

 

 

  

Diluted EPS

    $ 37,313,000        119,093,590       $ 0.31   
     For the Year Ended December 31, 2011  
     Income
(Numerator) 		    Shares
(Denominator) 		     Per-Share
Amount 		 
       

Basic EPS

    $ (50,451,000 )      116,081,590       $ (0.43 ) 

Effect of dilutive securities:

        

Stock options and restricted stock

        —       $ —   
  

 

 

    

 

 

     

 

 

  

Diluted EPS:

    $ (50,451,000 )      116,081,590       $ (0.43 ) 
     For the Year Ended December 31, 2010  
     Income
(Numerator) 		    Shares
(Denominator) 		     Per-Share
Amount 		 
       

Basic EPS

    $ (14,461,000 )      114,258,965       $ (0.13 ) 

Effect of dilutive securities:

        

Stock options and restricted stock

        —       $ —   
  

 

 

    

 

 

     

 

 

  

Diluted EPS:

    $ (14,461,000 )      114,258,965       $ (0.13 ) 

For the year ended December 31, 2012, weighted-average shares outstanding used in our computation of diluted EPS includes the dilutive effect of potential common shares. For the years ended December 31, 2011, and 2010, all potential common shares have been excluded from the calculation of weighted-average shares outstanding used in our computation of diluted EPS as the company incurred a loss for each year, and therefore, inclusion of potential common shares in the calculation of diluted EPS would be anti-dilutive.