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Earnings Per Common Share
 6 Months Ended
Jun. 30, 2014
Earnings Per Common Share

2. Earnings Per Common Share

Basic earnings per common share is based on the weighted average number of common shares outstanding for the three months and six months ended June 30, 2014 and 2013. Diluted earnings per common share is based on the weighted average number of common shares outstanding, plus the incremental shares that would have been outstanding upon the assumed conversion of convertible instruments, exercise of all potentially dilutive stock options and other stock units subject to anti-dilution limitations.

The following table sets forth the computation of basic and diluted earnings per common share (in thousands, except shares and per share data):

 

Continuing Operations

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

June 30,

 

 

June 30,

 

 

2014

 

 

2013

 

 

2014

 

 

2013

 

Net income attributable to common stockholders

$

976

 

 

$

1,123

 

 

$

1,738

 

 

$

2,851

 

Weighted average basic shares

 

8,176,808

 

 

 

8,002,872

 

 

 

8,115,214

 

 

 

7,976,222

 

Dilutive effect of preferred stock, warrants, stock options

   and restricted stock units

 

1,546,268

 

 

 

1,432,823

 

 

 

1,595,208

 

 

 

1,433,315

 

Total weighted average diluted shares

 

9,723,076

 

 

 

9,435,695

 

 

 

9,710,422

 

 

 

9,409,537

 

Earnings per common share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

$

0.12

 

 

$

0.14

 

 

$

0.21

 

 

$

0.36

 

Dilutive

$

0.11

 

 

$

0.12

 

 

$

0.20

 

 

$

0.32

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

With Discontinued Operations

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

June 30,

 

 

June 30,

 

 

2014

 

 

2013

 

 

2014

 

 

2013

 

Net income attributable to common stockholders

$

(1,408

)

 

$

1,063

 

 

$

(914

)

 

$

2,716

 

Weighted average basic shares

 

8,176,808

 

 

 

8,002,872

 

 

 

8,115,214

 

 

 

7,976,222

 

Dilutive effect of preferred stock, warrants, stock options

   and restricted stock units

―

 

 

 

1,432,823

 

 

―

 

 

 

1,433,315

 

Total weighted average diluted shares

 

8,176,808

 

 

 

9,435,695

 

 

 

8,115,214

 

 

 

9,409,537

 

Earnings per common share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

$

(0.17

)

 

$

0.13

 

 

$

(0.11

)

 

$

0.34

 

Dilutive

$

(0.17

)

 

$

0.12

 

 

$

(0.11

)

 

$

0.31