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Earnings Per Common Share | 6 Months Ended
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Jun. 30, 2013
Earnings Per Common Share [Abstract] |
EARNINGS PER COMMON SHARE | 11. EARNINGS PER COMMON SHARE (Average share data in thousands) The following table sets forth the computation of basic and diluted earnings per common share:
|  | Three Months Ended |  | Six Months Ended
|  | June 30, |  | June 30,
|  | 2013 |  | 2012 |  | 2013 |  | 2012
Numerator for basic and diluted earnings per common share - |  |  |  |  |  |  |  |
Income (loss) available to common stockholders: |  |  |  |  |  |  |  |
Income (loss) from continuing operations | $ | 7,257 | $ | (3,321) | $ | 12,208 | $ | (342)
Income from discontinued operations |  | 38 |  | 1,250 |  | 14 |  | 1,640
Net income (loss) | $ | 7,295 | $ | (2,071) | $ | 12,222 | $ | 1,298
Denominator: |  |  |  |  |  |  |  |
Weighted average shares |  | 10,173 |  | 10,121 |  | 10,165 |  | 10,105
Denominator for basic earnings per common share |  | 10,173 |  | 10,121 |  | 10,165 |  | 10,105
Effect of dilutive securities: |  |  |  |  |  |  |  |
Employee stock options |  | 12 |  | - |  | 12 |  | 18
Other stock compensation plans |  | 68 |  | - |  | 61 |  | 71
Dilutive potential common shares |  | 80 |  | - |  | 73 |  | 89
Denominator for diluted earnings per common share - |  |  |  |  |  |  |  |
adjusted weighted average shares and assumed conversions |  | 10,253 |  | 10,121 |  | 10,238 |  | 10,194
Basic earnings (loss) per common share: |  |  |  |  |  |  |  |
Continuing operations | $ | 0.71 | $ | (0.33) | $ | 1.20 | $ | (0.03)
Discontinued operations |  | 0.00 |  | 0.12 |  | 0.00 |  | 0.16
Basic earnings (loss) per common share | $ | 0.72 | $ | (0.20) | $ | 1.20 | $ | 0.13
Diluted earnings (loss) per common share: |  |  |  |  |  |  |  |
Continuing operations | $ | 0.71 | $ | (0.33) | $ | 1.19 | $ | (0.03)
Discontinued operations |  | 0.00 |  | 0.12 |  | 0.00 |  | 0.16
Diluted earnings (loss) per common share | $ | 0.71 | $ | (0.20) | $ | 1.19 | $ | 0.13
Dividends paid per common share | $ | 0.030 | $ | 0.025 | $ | 0.060 | $ | 0.050
The Company incurred a loss applicable to common shareholders in the three month period ended June 30, 2012. Due to the loss, the inclusion of dilutive securities in the calculation of weighted average common shares is anti-dilutive and there is no difference between basic and dilutive earnings per share. Anti-dilutive performance stock awards of approximately 6,000 shares for the six-month period ended June 30, 2012 were not included in the calculation of diluted earnings per share. In February 2013, the Company’s Board of Directors authorized an increase to the regular quarterly dividend to $0.03 per common share.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1278-109256 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1252-109256 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 55 -Paragraph 52 -URI http://asc.fasb.org/extlink&oid=32703322&loc=d3e4984-109258 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.21) -URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688 + Details
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