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Common Stock and Earnings per Share
 9 Months Ended
Sep. 30, 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 or unvested 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, 2014 and 2013 follow:

 

     Three months ended
September 30,		     Nine months ended
September 30,		  
     2014     2013     2014     2013  

Net income—continuing operations

    $ 11,209      $ 3,369      $ 21,628      $ 7,631   

Net income (loss)—discontinued operations

      (46 )      (47 )      (68 )      286   
  

 

 

    

 

 

    

 

 

    

 

 

  

Net income

    $ 11,163      $ 3,322      $ 21,560      $ 7,917   
  

 

 

    

 

 

    

 

 

    

 

 

  

Weighted average common shares outstanding

         

Basic

      39,358        38,910        39,330        38,836   

Incremental shares with dilutive effect:

         

Stock options

      —          198        —          198   

Restricted stock awards

      183        118        137        138   
  

 

 

    

 

 

    

 

 

    

 

 

  

Diluted

      39,541        39,226        39,467        39,172   
  

 

 

    

 

 

    

 

 

    

 

 

  

Basic income (loss) per share

         

Continuing operations

    $ 0.28      $ 0.09      $ 0.55      $ 0.19   

Discontinued operations

      (0.00 )      (0.00 )      (0.00 )      0.01   
  

 

 

    

 

 

    

 

 

    

 

 

  

Total net income per share

    $ 0.28      $ 0.09      $ 0.55      $ 0.20   
  

 

 

    

 

 

    

 

 

    

 

 

  

Diluted income (loss) per share

         

Continuing operations

    $ 0.28      $ 0.08      $ 0.55      $ 0.19   

Discontinued operations

      (0.00 )      (0.00 )      (0.00 )      0.01   
  

 

 

    

 

 

    

 

 

    

 

 

  

Total net income per share

    $ 0.28      $ 0.08      $ 0.55      $ 0.20