Common Stock and Earnings per Share

9 Months Ended

Sep. 30, 2013

Note 11—Common Stock and Earnings per Share

Under 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 and nine months ended September 30, 2013 and 2012 follow:


	Three months ended September 30,						Nine months ended September 30,
	2013			2012			2013		2012
Net income—continuing operations	$	3,369		$	4,682		$	7,631	$	14,074
Net income (loss)—discontinued operations		(47	)		(173	)		286		(493	)

Net income	$	3,322		$	4,509		$	7,917	$	13,581

Weighted average common shares outstanding
Basic		38,910			38,136			38,836		37,997
Incremental shares with dilutive effect:
Stock options		198			423			198		494
Restricted stock awards		118			274			138		185

Diluted		39,226			38,833			39,172		38,676

Basic income (loss) per share
Continuing operations	$	0.09		$	0.12		$	0.19	$	0.37
Discontinued operations		0.00			0.00			0.01		(0.01	)

Total net income per share	$	0.09		$	0.12		$	0.20	$	0.36

Diluted income (loss) per share
Continuing operations	$	0.08		$	0.12		$	0.19	$	0.36
Discontinued operations		0.00			0.00			0.01		(0.01	)

Total net income per share	$	0.08		$	0.12		$	0.20	$	0.35

- Definition

The entire disclosure for earnings per share.

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