Quarterly report pursuant to Section 13 or 15(d)

Earnings per Share

v2.4.0.8
Earnings per Share
 9 Months Ended
Sep. 30, 2013
Earnings Per Share [Abstract]  
Earnings per Share
Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per share:
 
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
 
2013
 
2012
 
2013
 
2012
Net income (loss)
 
$
1,082

 
$
(1,105
)
 
$
1,040

 
$
3,182

Preferred stock dividends
 
(1,974
)
 
—

 
(2,654
)
 
—

(a) Net income (loss) available to common shareholders
 
(892
)
 
(1,105
)
 
(1,614
)
 
3,182

 
 
 
 
 
 
 
 
 
(b) Weighted average shares outstanding
 
40,321

 
39,575

 
40,064

 
39,441

Dilutive impact of stock options
 
—

 
—

 
—

 
10

Dilutive impact of restricted stock
 
—

 
—

 
—

 
792

(c) Weighted average shares outstanding for diluted net income (loss) per share
 
40,321

 
39,575

 
40,064

 
40,243

 
 
 
 
 
 
 
 
 
Basic net income (loss) per share (a/b)
 
$
(0.02
)
 
$
(0.03
)
 
$
(0.04
)
 
$
0.08

Diluted net income (loss) per share (a/c)
 
$
(0.02
)
 
$
(0.03
)
 
$
(0.04
)
 
$
0.08

 
 
 
 
 
 
 
 
 
The following were excluded from the diluted EPS calculation because their effect would be anti-dilutive:
Stock options
 
52

 
52

 
52

 
52

Restricted stock
 
239

 
105

 
239

 
105