XML 60 R19.htm IDEA: XBRL DOCUMENT
v2.4.0.6

Earnings Per Share | 9 Months Ended
--- | ---
Sep. 30, 2012
Earnings Per Share [Abstract] |
Earnings Per Share |
12. | Earnings per Share
Prior to the conversion of all of the outstanding Series B, net income per common share reflects application of the two-class method. The Company’s Series B shareholders were entitled to participate in any dividends paid on shares of the Company’s common stock on a pro rata basis with the holders of the Company’s common stock. Under the two-class method, during periods of net income, participating securities are allocated a proportional share of net income. During periods of net loss, no effect is given to participating securities since they do not share in the losses of the Company. Participating securities have the effect of diluting both basic and diluted earnings per share (“EPS”) during periods of net income. The application of the two-class method is no longer applicable to periods subsequent to the conversion of all of the outstanding Series B. See Note 6 for additional information. Basic EPS excludes dilution for potential common stock issuances and is computed by dividing net income available to common shareholders by the weighted-average number of common shares outstanding for the period. Diluted EPS reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock. For the calculation of diluted EPS, the basic weighted-average number of shares is increased by the dilutive effect of RSUs and common stock options using the treasury stock method. The computation of basic and diluted EPS is as follows:
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
|  | 2012 |  |  | 2011 |  |  | 2012 |  |  | 2011 |
($ in thousands, except per share amounts) |  |  |  |  |  |  |  |  |  |  |  |
Net Income (Loss) |  | $ | 11,642 |  |  | ($ | 2,778 | ) |  | $ | 25,459 |  |  | $ | 4,755 |
Preferred stockholder dividends |  |  | 0 |  |  |  | (705 | ) |  |  | 0 |  |  |  | (2,113 | )
Allocation of earnings to preferred stockholders |  |  | 0 |  |  |  | 0 |  |  |  | (64 | ) |  |  | (476 | )
Net Income (Loss) Attributable to Common Stockholders |  | $ | 11,642 |  |  | ($ | 3,483 | ) |  | $ | 25,395 |  |  | $ | 2,166 |
Shares: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic: Weighted-average number of shares outstanding |  |  | 7,843 |  |  |  | 6,219 |  |  |  | 7,692 |  |  |  | 6,222 |
Plus: Incremental shares from assumed conversion of dilutive instruments |  |  | 274 |  |  |  | 0 |  |  |  | 363 |  |  |  | 673 |
Diluted: Weighted-average number of shares outstanding |  |  | 8,117 |  |  |  | 6,219 |  |  |  | 8,055 |  |  |  | 6,895 |
Earnings (Loss) per share - basic |  | $ | 1.48 |  |  | ($ | 0.56 | ) |  | $ | 3.30 |  |  | $ | 0.35 |
Earnings (Loss) per share - diluted |  | $ | 1.43 |  |  | ($ | 0.56 | ) |  | $ | 3.15 |  |  | $ | 0.31 |
For the three and nine months ended September 30, 2012, there were no non-participating securities excluded from the above computation of weighted-average shares for diluted EPS. For the three months ended September 30, 2011 non-participating securities (stock options) representing 248,909 shares of common stock were excluded from the above computations of weighted-average shares for diluted EPS because the effect would be antidilutive due to the net loss attributable to common stockholders for the period. For the nine months ended September 30, 2011, there were no non-participating securities (stock options) excluded from the above computations of weighted-average shares for diluted EPS.

X
- Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1252-109256 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 55 -Paragraph 52 -URI http://asc.fasb.org/extlink&oid=16381557&loc=d3e4984-109258 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1278-109256 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 128 -Paragraph 40 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.21) -URI http://asc.fasb.org/extlink&oid=6880815&loc=d3e20235-122688 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration