Attached files
Exhibit 11
STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS
(Amounts in thousands except, per share data)
| For the Three Months ended March 31, | ||||||||
| 2011 | 2010 | |||||||
| Numerator: |
||||||||
| Net income available to common shareholders |
$ | 9,645 | $ | 5,525 | ||||
| Less adjustment for earnings and gains from discontinued operations |
— | (1,603 | ) | |||||
| Less allocation to participating securities for basic EPS(1) |
(42 | ) | (24 | ) | ||||
| Numerator for basic earnings per share from continuing operations |
$ | 9,603 | $ | 3,898 | ||||
| Plus allocation to participating securities for diluted EPS(1) |
1 | 1 | ||||||
| Numerator for diluted earnings per share from continuing operations |
$ | 9,604 | $ | 3,899 | ||||
| Denominator: |
||||||||
| Denominator for basic earnings per share—weighted average shares |
64,890 | 55,320 | ||||||
| Dilutive effect of stock based awards |
215 | 95 | ||||||
| Denominator for diluted earnings per share adjusted for weighted average shares and assumed conversion |
65,105 | 55,415 | ||||||
| Basic earnings per share from continuing operations |
$ | 0.15 | $ | 0.07 | ||||
| Basic earnings per share from discontinued operations |
0.00 | 0.03 | ||||||
| Basic earnings per share |
$ | 0.15 | $ | 0.10 | ||||
| Diluted earnings per share from continuing operations |
$ | 0.15 | $ | 0.07 | ||||
| Diluted earnings per share from discontinued operations |
0.00 | 0.03 | ||||||
| Diluted earnings per share |
$ | 0.15 | $ | 0.10 | ||||
| (1) | Adjustment to the numerators for diluted net income per share calculations when applying the two class method of calculating earnings per share. |