Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share (Tables)

v2.4.0.8
Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2014
Earnings Per Share [Abstract]  
Computation of Earnings Per Share, Basic and Diluted

 

 

 

 

 

 

 

 

 

 

 

 

 

(share amounts in thousands)

 

Three Months Ended June 30,

 

Six Months Ended June 30,

 

 

 

2014

 

 

2013

 

 

2014

 

 

2013

Net income (loss)

 

$

4,740 

 

$

758 

 

$

6,603 

 

$

(42)

Preferred stock dividends

 

 

(1,973)

 

 

(680)

 

 

(3,947)

 

 

(680)

Income (loss) available to common stockholders

 

$

2,767 

 

$

78 

 

$

2,656 

 

$

(722)

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding

 

 

40,606 

 

 

40,089 

 

 

40,467 

 

 

39,941 

Dilutive impact of restricted stock

 

 

999 

 

 

234 

 

 

1,185 

 

 

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

 

 

41,605 

 

 

40,323 

 

 

41,652 

 

 

39,941 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic income (loss) per share

 

$

0.07 

 

$

0.00 

 

$

0.07 

 

$

(0.02)

Diluted income (loss) per share

 

$

0.07 

 

$

0.00 

 

$

0.06 

 

$

(0.02)

 

 

 

 

 

 

 

 

 

 

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

Stock options

 

 

30 

 

 

52 

 

 

30 

 

 

52 

Restricted stock

 

 

 

 

267 

 

 

 

 

267