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Common Stock and Earnings per Share
3 Months Ended
Mar. 31, 2014
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, 2014, we issued 49 shares of restricted common stock for awards granted in the first quarter of 2014.

 

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, 2014 and 2013 follow:

 

     Three months ended
March 31,
 
     2014     2013  

Net income—continuing operations

   $ 3,526      $ 2,412   

Net income (loss)—discontinued operations

     (16     374   
  

 

 

   

 

 

 

Net income

   $ 3,510      $ 2,786   
  

 

 

   

 

 

 

Weighted average common shares outstanding

    

Basic

     39,272        38,687   

Incremental shares with dilutive effect:

    

Stock options

     —          199   

Restricted stock awards

     117        178   
  

 

 

   

 

 

 

Diluted

     39,389        39,064   
  

 

 

   

 

 

 

Basic income (loss) per share

    

Continuing operations

   $ 0.09      $ 0.06   

Discontinued operations

     (0.00     0.01   
  

 

 

   

 

 

 

Total net income per share

   $ 0.09      $ 0.07   
  

 

 

   

 

 

 

Diluted income (loss) per share

    

Continuing operations

   $ 0.09      $ 0.06   

Discontinued operations

     (0.00     0.01   
  

 

 

   

 

 

 

Total net income per share

   $ 0.09      $ 0.07