XML 123 R27.htm IDEA: XBRL DOCUMENT v2.4.1.9
Earnings per share
 12 Months Ended
Dec. 31, 2013
Earnings Per Share [Abstract]  
Earnings per share
20. Earnings per share

For each of the three years ended December 31, 2013, there were no adjustments to net income (loss) for purposes of calculating basic and diluted net income (loss) available to common shareholders. The following is a reconciliation of the weighted average shares used in the basic and diluted net income (loss) per common share computations.

 

     Year Ended December 31,  
     2013      2012      2011  

Weighted average common shares-basic

      18,697,228         18,977,263         18,219,343   

Effect of diluted securities:

         

Unexercised stock options net of treasury share repurchase

      —          413,150         —    
  

 

 

     

 

 

     

 

 

  

Weighted average common shares-diluted

   18,697,228      19,390,413      18,219,343   
  

 

 

     

 

 

     

 

 

  

No adjustment has been made in 2013 or 2011 for any common stock equivalents because their effects would be anti-dilutive. For 2013 and 2011, potentially dilutive shares totaled 101,672 and 344,168, respectively.

Options to purchase shares of common stock with exercise prices in excess of the average market price of common shares are not included in the computation of diluted earnings per share. There were 1,186,259 and 789,650 outstanding options not included in the diluted earnings per share computation for the fiscal year ended December 31, 2013 and 2012, respectively, because the inclusion of these options was anti-dilutive.