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Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2014

Earnings Per Share

Schedule of Earnings Per Share



		Three Months Ended						Nine Months Ended
		September 30,						September 30,
		2014			2013			2014				2013
Basic earnings per share:
Weighted-average common shares outstanding			29,442,508			13,885,884			23,905,205				13,947,606
Weighted-average common shares less stock based awards			29,442,508			13,870,884			23,902,403				13,895,136
Weighted-average common shares stock based awards			325,000			231,152			225,232				217,107
Net income from operations		$	2,924		$	72,924		$	7,147			$	81,872
Gain on preferred stock redemption			-			-			(1,348)				-
Preferred stock dividends and accretion, net of dividends waived			1,065			1,323			(1,448)				3,917
Net earnings available to common stockholders			1,859			71,601			9,943				77,955
Undistributed earnings			1,859			71,601			9,943				77,955
Basic earnings per share common undistributed earnings			0.06			5.08			0.41				5.52
Basic earnings per share			0.06			5.08			0.41				5.52
Diluted earnings per share:
Weighted-average common shares outstanding			29,442,508			13,885,884			23,905,205				13,947,606
Dilutive effect of nonvested restricted awards1			325,000			216,152			222,430				164,637
Diluted average common shares outstanding			29,767,508			14,102,036			24,127,635				14,112,243
Net earnings available to common stockholders		$	1,859		$	71,601		$	9,943			$	77,955
Diluted earnings per share		$	0.06		$	5.08		$	0.41			$	5.52

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.