Annual report pursuant to Section 13 and 15(d)

Earnings (loss) per Share (Tables)

v2.4.0.8
Earnings (loss) per Share (Tables)
 12 Months Ended
Dec. 31, 2013
Earnings Per Share [Abstract]  
Computation of Earnings Per Share, Basic and Diluted
A reconciliation of the basic and diluted net income per share computation is as follows (in thousands, except per share amounts):
 
For the year ended December 31,
 
2013
 
2012
 
2011
Net income
$
4,304

 
$
2,747

 
$
106,396

Preferred stock dividends
(4,627
)
 
—

 
—

(a) Income (loss) available to common shareholders
$
(323
)
 
$
2,747

 
$
106,396

 
 
 
 
 
 
(b) Weighted average shares outstanding
40,133

 
39,522

 
37,908

Dilutive impact of stock options
—

 
8

 
18

Dilutive impact of restricted stock
—

 
807

 
656

(c) Weighted average shares outstanding
 

 
 

 
 

         for diluted net income (loss) per share (1)
40,133

 
40,337

 
38,582

 
 
 
 
 
 
Basic Income (loss) per share (a/b)
$
(0.01
)
 
$
0.07

 
$
2.81

Diluted Income (loss) per share (a/c)
$
(0.01
)
 
$
0.07

 
$
2.76

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

 
52

 
67

Restricted stock
398

 
123

 
816