The following table sets forth the computation of basic and diluted earnings per share:
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Three Months Ended June 30, |
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Six Months Ended June 30, |
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2013 |
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2012 |
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2013 |
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2012 |
(a) Net income (loss) available to common shareholders |
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$ |
78 |
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$ |
3,799 |
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$ |
(722 |
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$ |
4,287 |
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(b) Weighted average shares outstanding |
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40,089 |
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39,399 |
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39,941 |
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39,375 |
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Dilutive impact of stock options |
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— |
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7 |
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— |
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14 |
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Dilutive impact of restricted stock |
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234 |
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749 |
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— |
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815 |
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(c) Weighted average shares outstanding for diluted net income (loss) per share |
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40,323 |
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40,155 |
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39,941 |
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40,204 |
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Basic net income (loss) per share (a/b) |
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$ |
0.00 |
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$ |
0.10 |
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$ |
(0.02 |
) |
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$ |
0.11 |
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Diluted net income (loss) per share (a/c) |
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$ |
0.00 |
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$ |
0.09 |
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$ |
(0.02 |
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$ |
0.11 |
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The following were excluded from the diluted EPS calculation because their effect would be anti-dilutive: |
Stock options |
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52 |
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67 |
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52 |
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52 |
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Restricted stock |
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267 |
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1,013 |
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267 |
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1,013 |
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