Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share (Tables)

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

 

 

 

 

 

 

 

 

 

 

 

 

 

(share amounts in thousands)

 

Three Months Ended September 30,

 

Nine Months Ended September 30,

 

 

 

2014

 

 

2013

 

 

2014

 

 

2013

Net income (loss)

 

$

12,201 

 

$

1,082 

 

$

18,804 

 

$

1,040 

Preferred stock dividends

 

 

(1,974)

 

 

(1,974)

 

 

(5,921)

 

 

(2,654)

Income (loss) available to common stockholders

 

$

10,227 

 

$

(892)

 

$

12,883 

 

$

(1,614)

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding

 

 

43,187 

 

 

40,321 

 

 

41,370 

 

 

40,064 

Dilutive impact of restricted stock

 

 

1,024 

 

 

 

 

1,140 

 

 

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

 

 

44,211 

 

 

40,321 

 

 

42,510 

 

 

40,064 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic income (loss) per share

 

$

0.24 

 

$

(0.02)

 

$

0.31 

 

$

(0.04)

Diluted income (loss) per share

 

$

0.23 

 

$

(0.02)

 

$

0.30 

 

$

(0.04)

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

239 

 

 

 

 

239