XML 37 R8.htm IDEA: XBRL DOCUMENT v2.4.0.8
Income (Loss) Per Common Share
 9 Months Ended
Sep. 30, 2014
Earnings Per Share [Abstract]  
Income (Loss) Per Common Share

Note 2: Income (Loss) Per Common Share

 

     Nine Months Ended
September 30,		     Three Months Ended
September 30,		  
     2014     2013     2014     2013  
     (Dollars in Thousands, Except Per Share Amounts)  

Numerator:

         

Net income (loss)

    $ 18,977      $ 17,619      $ (3,777 )    $ 10,260   

Dividends on Series B Preferred

      (240 )      (240 )      —          —     

Dividends on Series D Preferred

      (60 )      (60 )      —          —     
  

 

 

    

 

 

    

 

 

    

 

 

  

Total dividends on preferred stocks

      (300 )      (300 )      —          —     
  

 

 

    

 

 

    

 

 

    

 

 

  

Numerator for basic net income (loss) per common share - net income (loss) applicable to common stock

      18,677        17,319        (3,777 )      10,260   

Dividends on preferred stocks assumed to be converted, if dilutive

      300        300        —          —     
  

 

 

    

 

 

    

 

 

    

 

 

  

Numerator for diluted net income (loss) per common share

    $ 18,977      $ 17,619      $ (3,777 )    $ 10,260   
  

 

 

    

 

 

    

 

 

    

 

 

  

Denominator:

         

Denominator for basic net income (loss) per common share - weighted-average shares

      22,557,935        22,446,557        22,595,634        22,477,974   

Effect of dilutive securities:

         

Convertible preferred stocks

      916,666        916,666        —          916,666   

Stock options

      187,026        223,352        —          202,645   
  

 

 

    

 

 

    

 

 

    

 

 

  

Dilutive potential common shares

      1,103,692        1,140,018        —          1,119,311   
  

 

 

    

 

 

    

 

 

    

 

 

  

Denominator for diluted net income (loss) per common share - adjusted weighted-average shares and assumed conversions

      23,661,627        23,586,575        22,595,634        23,597,285   
  

 

 

    

 

 

    

 

 

    

 

 

  

Basic net income (loss) per common share

    $ 0.83      $ 0.77      $ (0.17 )    $ 0.46   
  

 

 

    

 

 

    

 

 

    

 

 

  

Diluted net income (loss) per common share

    $ 0.80      $ 0.75      $ (0.17 )    $ 0.43   
  

 

 

    

 

 

    

 

 

    

 

 

  

The following weighted-average shares of securities were not included in the computation of diluted net income (loss) per common share as their effect would have been antidilutive:

 

     Nine Months Ended
September 30,		      Three Months Ended
September 30,		  
     2014      2013      2014      2013  

Convertible preferred stocks

      —           —           916,666         —     

Stock options

      335,757         249,000         673,415         243,000   
  

 

 

     

 

 

     

 

 

     

 

 

  
     335,757         249,000         1,590,081         243,000