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Common Stock and Earnings Per Share
3 Months Ended
Mar. 31, 2013
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, 2013, we issued 144 shares of restricted common stock for awards granted in the first quarter of 2013 and 134 shares of unrestricted common stock related to performance awards granted 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, 2013 and 2012 follow:

 

                 
    Three months
ended March 31,
 
    2013     2012  

Net income—continuing operations

  $ 2,412     $ 1,994  

Net income (loss)—discontinued operations

    374       (84
   

 

 

   

 

 

 

Net income

  $ 2,786     $ 1,910  
   

 

 

   

 

 

 

Weighted average common shares outstanding

               

Basic

    38,687       37,690  

Incremental shares with dilutive effect:

               

Stock options

    199       536  

Restricted stock awards

    178       126  
   

 

 

   

 

 

 

Diluted

    39,064       38,352  
   

 

 

   

 

 

 

Basic income (loss) per share

               

Continuing operations

  $ 0.06     $ 0.05  

Discontinued operations

    0.01       (0.00
   

 

 

   

 

 

 

Total net income per share

  $ 0.07     $ 0.05  
   

 

 

   

 

 

 

Diluted income (loss) per share

               

Continuing operations

  $ 0.06     $ 0.05  

Discontinued operations

    0.01       (0.00
   

 

 

   

 

 

 

Total net income per share

  $ 0.07     $ 0.05