Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v3.2.0.727
Earnings Per Share
 6 Months Ended
Jun. 30, 2015
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 June 30,

 

Six Months Ended June 30,

 

 

 

2015

 

 

2014

 

 

2015

 

 

2014

Net income (loss)

 

$
(4,967)

 

$
4,740 

 

$
(15,164)

 

$
6,603 

Preferred stock dividends

 

 
(1,973)

 

 
(1,973)

 

 
(3,947)

 

 
(3,947)

Income (loss) available to common stockholders

 

$
(6,940)

 

$
2,767 

 

$
(19,111)

 

$
2,656 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding

 

 
66,038 

 

 
40,606 

 

 
61,759 

 

 
40,467 

Dilutive impact of restricted stock

 

 

—

 

 
999 

 

 

—

 

 
1,185 

Weighted average shares outstanding for diluted loss per share

 

 
66,038 

 

 
41,605 

 

 
61,759 

 

 
41,652 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic income (loss) per share

 

$
(0.11)

 

$
0.07 

 

$
(0.31)

 

$
0.07 

Diluted income (loss) per share

 

$
(0.11)

 

$
0.07 

 

$
(0.31)

 

$
0.06 

 

 

 

 

 

 

 

 

 

 

Stock options (a)

 

 
15 

 

 
30 

 

 
15 

 

 
30 

Restricted stock (a)

 

 
284 

 

 

—

 

 
284 

 

 

—

 

(a)

Shares excluded from the diluted earnings per share calculation because their effect would be anti-dilutive.