Annual report pursuant to Section 13 and 15(d)

Reconciliation of Income and Number of Shares Used to Calculate Basic and Diluted Earnings per Share (EPS)

v2.4.0.8
Reconciliation of Income and Number of Shares Used to Calculate Basic and Diluted Earnings per Share (EPS)
 12 Months Ended
Dec. 31, 2013
Earnings Per Share [Abstract]  
Reconciliation of Income and Number of Shares Used to Calculate Basic and Diluted Earnings per Share (EPS)
Reconciliation of Income and Number of Shares Used to Calculate Basic and Diluted Earnings per Share (EPS)
 
 
For the Year Ended December 31, 2013
 
 
Income
(Numerator)
 
Shares
(Denominator)
 
Per-Share
Amount
 
 
Basic EPS
$
27,015,000

 
119,284,468

 
$
0.23

 
Effect of dilutive securities:
 
 
 
 
 
 
Stock options and restricted stock
 
 
1,940,082

 
$
(0.01
)
 
Diluted EPS
$
27,015,000

 
121,224,550

 
$
0.22

 
 
 
 
 
For the Year Ended December 31, 2012
 
 
Income
(Numerator)
 
Shares
(Denominator)
 
Per-Share
Amount
 
 
Basic EPS
$
37,313,000

 
117,721,135

 
$
0.32

 
Effect of dilutive securities:
 
 
 
 
 
 
Stock options and restricted stock
 
 
1,372,455

 
$
(0.01
)
 
Diluted EPS:
$
37,313,000

 
119,093,590

 
$
0.31

 
 
 
 
 
For the Year Ended December 31, 2011
 
 
Income
(Numerator)
 
Shares
(Denominator)
 
Per-Share
Amount
 
 
Basic EPS
$
(50,451,000
)
 
116,081,590

 
$
(0.43
)
 
Effect of dilutive securities:
 
 
 
 
 
 
Stock options and restricted stock
 
 
—

 
$
—

 
Diluted EPS:
$
(50,451,000
)
 
116,081,590

 
$
(0.43
)

For the years ended December 31, 2013 and 2012, weighted-average shares outstanding used in our computation of diluted EPS includes the dilutive effect of potential common shares. For the year ended December 31, 2011, all potential common shares have been excluded from the calculation of weighted-average shares outstanding used in our computation of diluted EPS as the company incurred a loss for that year, and therefore, inclusion of potential common shares in the calculation of diluted EPS would be anti-dilutive.