XML 34 R37.htm IDEA: XBRL DOCUMENT v2.4.1.9
EARNINGS PER SHARE (Tables)
 12 Months Ended
Dec. 31, 2014
EARNINGS PER SHARE  
Schedule of computation of basic and diluted earnings (loss) per share

The following table sets forth the computation of basic and diluted earnings (loss) per share for the years ended December 31:

 

 

 

2014

 

2013

 

2012

 

 

 

(in thousands, except share and per share data)

 

Basic earnings (loss) per share

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

Net income (loss)

 

$
46,177

 

$
15,811

 

$
(7,732

)

Effect of unvested restricted stock awards

 
(2,300

)
(720

)
(149

)

Adjusted net income (loss)

 

$
43,877

 

$
15,091

 

$
(7,881

)

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

Weighted-average shares

 
25,993,255

 
25,714,205

 
25,564,752

 

 

 

 

 

 

 

 

 

Earnings (loss) per common share

 

$
1.69

 

$
0.59

 

$
(0.31

)

 

 

 

 

 

 

 

 

Diluted earnings (loss) per share

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

Net income (loss)

 

$
46,177

 

$
15,811

 

$
(7,732

)

Effect of unvested restricted stock awards

 
(2,300

)
(720

)
(149

)

Adjusted net income (loss)

 

$
43,877

 

$
15,091

 

$
(7,881

)

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

Weighted-average shares

 
25,993,255

 
25,714,205

 
25,564,752

 

Effect of dilutive securities

 
357

 

—

 

—

 

Adjusted weighted-average shares and assumed conversions

 
25,993,612

 
25,714,205

 
25,564,752

 

Earnings (loss) per common share

 

$
1.69

 

$
0.59

 

$
(0.31

)