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Earnings (loss) Per Share (Tables)

6 Months Ended

Jun. 30, 2014

Earnings (loss) Per Share

Schedule of earnings (loss) per share



		Three Months Ended						Six Months Ended
		June 30,						June 30,
		2014			2013			2014			2013
Basic earnings per share:
Weighted-average common shares outstanding			28,181,519			13,882,910			21,090,665			13,978,979
Weighted-average common shares less stock based awards			28,181,519			13,867,910			21,086,438			13,907,463
Weighted-average common shares stock based awards			179,874			209,868			174,522			209,968
Net income from operations		$	2,021		$	3,477		$	4,223		$	8,948
Gain on preferred stock redemption			(1,348)			-			(1,348)			-
Dividends waived, net of dividends and accretion on preferred stock			(4,085)			1,305			(2,513)			2,594
Net earnings available to common stockholders			7,454			2,172			8,084			6,354
Undistributed earnings			7,454			2,172			8,084			6,354
Basic earnings per share common undistributed earnings			0.26			0.15			0.38			0.45
Basic earnings per share		$	0.26		$	0.15		$	0.38		$	0.45
Diluted earnings per share:
Weighted-average common shares outstanding			28,181,519			13,882,910			21,090,665			13,978,979
Dilutive effect of nonvested restricted awards1			179,874			194,868			170,295			138,452
Diluted average common shares outstanding			28,361,393			14,077,778			21,260,960			14,117,431
Net earnings available to common stockholders		$	7,454		$	2,172		$	8,084		$	6,354
Diluted earnings per share		$	0.26		$	0.15		$	0.38		$	0.45

Number of antidilutive options excluded from the diluted earnings per share calculation			1,140,839			1,224,839			1,140,839			1,224,839
1 Includes the common stock equivalents for restricted share rights that are dilutive.