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Earnings per Common Share
12 Months Ended
Dec. 31, 2013
Earnings Per Share [Abstract]  
Earnings per Common Share

Note 10 – Earnings per Common Share

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. A reconciliation of the shares included in the basic and fully diluted earnings per share calculations is as follows:

 

     For the years ended December 31,  
     2013      2012     2011  

Net income-continuing operations

   $ 10,967       $ 16,229      $ 24,251   

Net income (loss)-discontinued operations

     180         (630     (6,118
  

 

 

    

 

 

   

 

 

 

Net income

   $ 11,147       $ 15,599      $ 18,133   
  

 

 

    

 

 

   

 

 

 

Weighted average common shares outstanding

       

Basic

     38,873         38,068        37,555   

Incremental shares with dilutive effect:

       

Stock options

     152         422        824   

Restricted stock awards

     133         187        189   
  

 

 

    

 

 

   

 

 

 

Diluted

     39,158         38,677        38,568   
  

 

 

    

 

 

   

 

 

 

Basic income (loss) per share

       

Continuing Operations

   $ 0.28       $ 0.43      $ 0.65   

Discontinued Operations

     0.00         (0.02     (0.16
  

 

 

    

 

 

   

 

 

 

Total Net income per share

   $ 0.28       $ 0.41      $ 0.48   
  

 

 

    

 

 

   

 

 

 

Diluted income (loss) per share

       

Continuing Operations

   $ 0.28       $ 0.42      $ 0.63   

Discontinued Operations

     0.00         (0.02     (0.16
  

 

 

    

 

 

   

 

 

 

Total Net income per share

   $ 0.28       $ 0.40      $ 0.47