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Earnings / (loss) per Share
 12 Months Ended
Dec. 31, 2014
Earnings Per Share [Abstract]  
Earnings Per Share

13.        Earnings / (loss) per Share

 

All shares issued (including the restricted shares issued under the equity incentive plan) are DCI's common stock and have equal rights to vote and participate in dividends, subject to forfeiture provisions set forth in the applicable award agreement. Unvested shares granted under the Company's incentive plan of 361,442 as at December 31, 2014, and 13,334 as at December 31, 2013 (Note 10), received dividends which are not refundable, even if such shares are forfeited, and therefore are considered participating securities for basic earnings per share calculation purposes. Dividends declared and paid during the 2014, 2013 and 2012 amounted to $7,534, $29,674 and $28,545, respectively. The calculation of basic earnings/ (loss) per share does not consider the non-vested shares as outstanding until the time-based vesting restrictions have lapsed. For the purpose of calculating diluted earnings per share, the weighted average number of diluted shares outstanding includes the incremental shares assumed issued as determined in accordance with the antidilution sequencing provisions of ASC 260. For 2014, the effect of the incremental shares assumed issued, determined in accordance with the antidilution sequencing provision of ASC 260, was anti-dilutive. For 2013, and on the basis that the Company incurred losses, the effect of the incremental shares would have been anti-dilutive and therefore basic and diluted losses per share are the same amount. For 2012, the effect of the incremental shares assumed issued, was also anti-dilutive.

  2014 2013 2012
  Basic EPS Diluted EPS Basic LPS Diluted LPS Basic EPS Diluted EPS
Net income / (loss)$ 3,238$ 3,238$ (57,346)$ (57,346)$ 5,969$ 5,969
Less distributed earnings allocated to restricted shares  (50)  (50)  -  -  (104)  (104)
Net income / (loss) available to common stockholders  3,188  3,188  (57,346)  (57,346)  5,865  5,865
             
Weighted average number of common shares, basic  51,645,071  51,645,071  33,159,328  33,159,328  26,934,533  26,934,533
Effect of dilutive restricted shares  -  -  -  -  -  -
Weighted average number of common shares, diluted   51,645,071  51,645,071  33,159,328  33,159,328  26,934,533  26,934,533
             
Earnings / (loss) per common share, basic and diluted$ 0.06$ 0.06$ (1.73)$ (1.73)$ 0.22$ 0.22