XML 28 R16.htm IDEA: XBRL DOCUMENT v2.4.0.6
Common Stock And Earnings Per Share
3 Months Ended
Mar. 31, 2012
Common Stock And Earnings Per Share [Abstract]  
Common Stock And Earnings Per Share

Note 10 – Common Stock and Earnings per Share

In connection with the 2009 Equity Incentive Plan, during the three months ended March 31, 2012, we issued 391 total shares of restricted common stock, 166 shares for awards granted in the first quarter of 2012 and 225 performance shares related to awards provisioned in prior years.

Basic earnings per share is based on the weighted average number of shares outstanding and excludes the dilutive effect of unexercised common stock equivalents. Diluted earnings per share is based on the weighted average number of shares outstanding and includes the dilutive effect of unexercised common stock equivalents to the extent they are not anti-dilutive. The details of the earnings per share calculations for the three months ended March 31, 2012 and 2011 follow:

 

     Three months
ended March 31,
 
     2012     2011  

Net income – continuing operations

     1,994        3,647   

Net (loss) – discontinued operations

     (84     (1,147
  

 

 

   

 

 

 

Net income

   $ 1,910      $ 2,500   
  

 

 

   

 

 

 

Weighted average common shares outstanding

    

Basic

     37,690        37,518   

Incremental shares with dilutive effect:

    

Stock options

     536        869   

Restricted stock awards

     126        81   
  

 

 

   

 

 

 

Diluted

     38,352        38,468   
  

 

 

   

 

 

 

Basic income (loss) per share

    

Continuing operations

   $ 0.05      $ 0.10   

Discontinued operations

   $ (0.00   $ (0.03
  

 

 

   

 

 

 

Total net income per share

   $ 0.05      $ 0.07   
  

 

 

   

 

 

 

Diluted income (loss) per share

    

Continuing operations

   $ 0.05      $ 0.09   

Discontinued operations

   $ (0.00   $ (0.03
  

 

 

   

 

 

 

Total net income per share

   $ 0.05      $ 0.06