v2.4.0.8
Earnings Per Common Share (Tables)
9 Months Ended
Sep. 30, 2013
Earnings Per Share [Abstract]  
Basic and Diluted Earnings Per Share

The following table provides a reconciliation of the numerators and denominators of our basic and diluted earnings per share (dollars in thousands, except per-share amounts).

 

     Three Months Ended
September 30,
    Nine Months Ended
September 30,
 
     2013      2012     2013      2012  

Income (numerator):

          

Net income (loss) – basic

   $ 495       $ (2,355   $ 7,935       $ 7,221   
  

 

 

    

 

 

   

 

 

    

 

 

 

Weighted average shares (denominator):

          

Weighted average shares – basic

     39,011,555         34,190,192        38,980,971         33,656,726   

Dilution effect of share-based compensation, treasury method

     21,258         —   (1)      21,760         79,393   
  

 

 

    

 

 

   

 

 

    

 

 

 

Weighted average shares – diluted

     39,032,813         34,190,192        39,002,731         33,736,119   
  

 

 

    

 

 

   

 

 

    

 

 

 

Net (loss) income per share:

          

Basic

   $ 0.01       $ (0.07   $ 0.20       $ 0.21   
  

 

 

    

 

 

   

 

 

    

 

 

 

Diluted

   $ 0.01       $ (0.07   $ 0.20       $ 0.21   
  

 

 

    

 

 

   

 

 

    

 

 

 

 

(1) Approximately 25,000 options to purchase our common stock were excluded from this calculation because they were antidilutive for the three months ended September 30, 2012.