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Earnings Per Share
 6 Months Ended
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.