Annual report pursuant to Section 13 and 15(d)

EARNINGS PER SHARE

v2.4.0.6
EARNINGS PER SHARE
 12 Months Ended
Dec. 31, 2012
EARNINGS PER SHARE

14. EARNINGS PER SHARE

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

 

     2012     2011     2010  

Basic:

       

Numerator:

       

Net Income (loss)

    $ (4,091 )    $ (1,804 )    $ 13,093   

Less: Distributed loss/distributed and undistributed income (unvested restricted stock)

      46        39        160   
  

 

 

    

 

 

    

 

 

  

Net income (loss) attributable to common shareholders

    $ (4,137 )    $ (1,843 )    $ 12,933   
  

 

 

    

 

 

    

 

 

  

Denominator:

       

Denominator for basic earnings per share-weighted-average shares

      14,400        14,351        14,318   
  

 

 

    

 

 

    

 

 

  

Basic earnings per share—common shareholders

    $ (0.29 )    $ (0.13 )    $ 0.90   
  

 

 

    

 

 

    

 

 

  

Diluted:

       

Numerator:

       

Net income

    $ (4,091 )    $ (1,804 )    $ 13,093   

Less: Distributed loss/distributed and undistributed income (unvested restricted stock)

      46        39        154   
  

 

 

    

 

 

    

 

 

  

Net income attributable to common shareholders

    $ (4,137 )    $ (1,843 )    $ 12,939   
  

 

 

    

 

 

    

 

 

  

Denominator:

       

Denominator for basic earnings per share-weighted-average shares

      14,400        14,351        14,318   

Effect of dilutive securities:

       

Employee stock options

      —          —          11   
  

 

 

    

 

 

    

 

 

  

Denominator for dilutive earnings per share-weighted-average shares

      14,400        14,351        14,329   
  

 

 

    

 

 

    

 

 

  

Diluted earnings per share—common shareholders

    $ (0.29 )    $ (0.13 )    $ 0.90