Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v2.4.0.8
Earnings Per Share
3 Months Ended
Mar. 31, 2014
Earnings Per Share [Abstract]  
Earnings Per Share

Note 3 - Earnings Per Share 

 

The following table sets forth the computation of basic and diluted earnings per share:

 

 

 

 

 

 

 

 

(share amounts in thousands)

 

Three Months Ended March 31,

 

 

 

2014

 

 

2013

Net income (loss)

 

$

1,863 

 

$

(800)

Preferred stock dividends

 

 

(1,974)

 

 

Loss available to common stockholders

 

$

(111)

 

$

(800)

 

 

 

 

 

 

 

Weighted average shares outstanding

 

 

40,328 

 

 

39,793 

Weighted average shares outstanding for diluted net loss per share

 

 

40,328 

 

 

39,793 

 

 

 

 

 

 

 

Basic loss per share

 

$

(0.00)

 

$

(0.02)

Diluted loss per share

 

$

(0.00)

 

$

(0.02)

 

 

 

 

 

 

 

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

Stock options

 

 

40 

 

 

67 

Restricted stock

 

 

 

 

40