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Earnings Per Share | 6 Months Ended
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Jun. 30, 2014
Earnings Per Share [Abstract] |
EARNINGS PER SHARE | EARNINGS PER SHARE Share-based awards that contain non-forfeitable rights to dividends or dividend equivalents, whether paid or unpaid, are participating securities and included in the computation of both basic and diluted earnings per share. Our grants of restricted stock awards to our employees and directors are considered participating securities and we have prepared our earnings per share calculations to exclude outstanding unvested restricted stock awards, using the two-class method, in the basic and diluted weighted average shares outstanding calculation. The following table sets forth the computation of the basic and diluted earnings per share for the three and six months ended June 30, 2013 and 2014:
| For the Three Months Ended June 30, |  | For the Six Months Ended June 30,
| 2013 |  | 2014 |  | 2013 |  | 2014
Numerator for basic earnings per share: |  |  |  |  |  |  |
Numerator from continuing operations |  |  |  |  |  |  |
Income from continuing operations | $ | 3,576 |  |  | $ | 3,883 |  |  | $ | 8,980 |  |  | $ | 5,515 |
Less: Earnings allocated to unvested restricted stock | (72 | ) |  | (76 | ) |  | (209 | ) |  | (115 | )
Income attributable to continuing operations | $ | 3,504 |  |  | $ | 3,807 |  |  | $ | 8,771 |  |  | $ | 5,400 |
Numerator from discontinued operations |  |  |  |  |  |  |
Income (loss) from discontinued operations | $ | 568 |  |  | $ | (637 | ) |  | $ | 423 |  |  | $ | (51 | )
Less: (Earnings) loss allocated to unvested restricted stock | (11 | ) |  | 13 |  |  | (10 | ) |  | 1 |
Income (loss) attributable to discontinued operations | $ | 557 |  |  | $ | (624 | ) |  | $ | 413 |  |  | $ | (50 | )
Numerator for diluted earnings per share: |  |  |  |  |  |  |
Adjustment for diluted earnings per share: |  |  |  |  |  |  |
Interest on convertible junior subordinated debentures, net of tax | $ | — |  |  | $ | — |  |  | $ | 1,472 |  |  | $ | — |
| $ | — |  |  | $ | — |  |  | $ | 1,472 |  |  | $ | — |
Income attributable to continuing operations | $ | 3,504 |  |  | $ | 3,807 |  |  | $ | 10,243 |  |  | $ | 5,400 |
Income (loss) attributable to discontinued operations | $ | 557 |  |  | $ | (624 | ) |  | $ | 413 |  |  | $ | (50 | )
Denominator |  |  |  |  |  |  |
Denominator for basic earnings per common share - weighted average shares outstanding | 17,830 |  |  | 18,123 |  |  | 17,744 |  |  | 18,054 |
Effect of dilutive securities: |  |  |  |  |  |  |
Stock options | 164 |  |  | 124 |  |  | 180 |  |  | 141 |
Convertible junior subordinated debentures | — |  |  | — |  |  | 4,392 |  |  | — |
Denominator for diluted earnings per common share - weighted average shares outstanding | 17,994 |  |  | 18,247 |  |  | 22,316 |  |  | 18,195 |
Basic earnings (loss) per common share: |  |  |  |  |  |  |
Continuing operations | $ | 0.20 |  |  | $ | 0.21 |  |  | $ | 0.50 |  |  | $ | 0.30 |
Discontinued operations | 0.03 |  |  | (0.03 | ) |  | 0.02 |  |  | — |
Basic earnings per common share | $ | 0.23 |  |  | $ | 0.18 |  |  | $ | 0.52 |  |  | $ | 0.30 |
Diluted earnings (loss) per common share: |  |  |  |  |  |  |
Continuing operations | $ | 0.20 |  |  | $ | 0.21 |  |  | $ | 0.46 |  |  | $ | 0.30 |
Discontinued operations | 0.03 |  |  | (0.04 | ) |  | 0.02 |  |  | (0.01 | )
Diluted earnings per common share | $ | 0.23 |  |  | $ | 0.17 |  |  | $ | 0.48 |  |  | $ | 0.29 |
The fully diluted weighted average shares outstanding for the six months ended June 30, 2013, and the corresponding calculation of fully diluted earnings per share include approximately 4.4 million shares that would be issued upon conversion of our convertible junior subordinated debentures as a result of the application of the if-converted method prescribed by FASB ASC 260-10-45. For the three months ended June 30, 2013 and for the three and six months ended June 30, 2014, shares from the conversion of our convertible junior subordinated debentures and our convertible subordinated notes are excluded from the fully diluted earnings per share calculation because the inclusion of such converted shares would result in an antidilutive impact.

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