v2.4.0.8
Net Income (Loss) and Dividends per Share
 9 Months Ended
Sep. 30, 2013
Net Income (Loss) and Dividends per Share [Abstract]  
Net Income (Loss) and Dividends per Share
9. Net Income (Loss) and Dividends per Share

The following table presents a reconciliation of basic and diluted income (loss) per share computations (in thousands, except per share data and anti-dilutive stock option counts):

 
Three months ended 
 September 30,
 
Nine months ended 
 September 30,
 
2013
  
2012
 
2013
  
2012
Numerator:
          
Net income (loss)
 $(1,614) $5,485 $(1,581) $11,777
                
Denominator:
              
   Weighted-average shares outstanding
  16,741   17,219  16,703   17,201
     Effect of unvested restricted stock awards considered participating securities
  243   394  279   394
   Weighted-average shares outstanding – basic
  16,984   17,613  16,982   17,595
     Effect of dilutive common stock options
  -   -  -   -
     Effect of dilutive restricted stock units
  -   -  -   -
   Weighted-average shares outstanding – diluted
  16,984   17,613  16,982   17,595
                
Net income (loss) per share - basic
 $(0.10) $0.31 $(0.09) $0.67
                
Net income (loss) per share - diluted
 $(0.10) $0.31 $(0.09) $0.67
                
Cash dividends declared per share1
 $-  $0.06 $0.06  $0.18
                
Stock options and restricted stock units excluded from the calculation of diluted earnings per share
 because their effect would have been anti-dilutive
  782,000   1,209,000  1,319,000   1,346,000

 
1The Company suspended quarterly dividend payments during the three months ended June 30, 2013.