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Stockholders' Equity (Tables)
12 Months Ended
Dec. 31, 2013
Equity [Abstract]  
Computation of Basic and Diluted Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per share (in thousands, except share and per share data):

 

     Year Ended December 31,  
     2013      2012      2011  

Numerator:

        

Net income (loss)

   $ 34,598       $ 2,720       $ (11,588
  

 

 

    

 

 

    

 

 

 

Denominator:

        

Basic weighted average shares outstanding

     16,794,841         16,123,592         15,388,456   

Effect of dilutive securities:

        

SARS and options

     255,353         406,482         —    

Restricted stock

     86,557         51,799         —     

Convertible notes

     —           482,983         —     
  

 

 

    

 

 

    

 

 

 

Diluted weighted average shares outstanding

     17,136,751         17,064,856         15,388,456   
  

 

 

    

 

 

    

 

 

 

Basic earnings (loss) per share

   $ 2.06       $ 0.17       $ (0.75
  

 

 

    

 

 

    

 

 

 

Diluted earnings (loss) per share

   $ 2.02       $ 0.16       $ (0.75
  

 

 

    

 

 

    

 

 

 
Antidilutive Securities Excluded from Computation of Earnings Per Share

The computation of diluted earnings per share excludes the following potentially dilutive securities because the effect would be anti-dilutive:

 

     Year Ended December 31,  
     2013      2012      2011  

Restricted stock and stock options

     59,298         117,322         323,562   

Stock appreciation rights

     36,577         121,206         1,195,462