Annual report pursuant to Section 13 and 15(d)

Earnings Per Share (Tables)

v2.4.1.9
Earnings Per Share (Tables)
12 Months Ended
Dec. 31, 2014
Earnings Per Share [Abstract]  
Computation of Earnings Per Share, Basic and Diluted

 

 

 

 

 

 

 

 

 

 

 

 

For the Year Ended December 31,

 

 

 

2014

 

 

2013

 

 

2012

Net income (loss)

 

$

37,766 

 

$

4,304 

 

$

2,747 

Preferred stock dividends

 

 

(7,895)

 

 

(4,627)

 

 

Income (loss) available to common stockholders

 

$

29,871 

 

$

(323)

 

$

2,747 

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding

 

 

44,848 

 

 

40,133 

 

 

39,522 

Dilutive impact of stock options

 

 

 

 

 

 

Dilutive impact of restricted stock

 

 

1,113 

 

 

 

 

807 

Weighted average shares outstanding for diluted income (loss) per share (a)

 

 

45,961 

 

 

40,133 

 

 

40,337 

 

 

 

 

 

 

 

 

 

 

Basic income (loss) per share

 

$

0.67 

 

$

(0.01)

 

$

0.07 

Diluted income (loss) per share

 

$

0.65 

 

$

(0.01)

 

$

0.07 

 

 

 

 

 

 

 

The following were excluded from the diluted earnings per share calculation because their effect would be anti-dilutive:

Stock options

 

 

30 

 

 

52 

 

 

52 

Restricted stock

 

 

317 

 

 

398 

 

 

123 

(a)

Because the Company reported a loss available to common stockholders for the year ended December 31, 2013, no unvested stock awards were included in computing loss per share because the effect was anti-dilutive.