Annual report pursuant to Section 13 and 15(d)

EARNINGS PER SHARE

v2.4.0.8
EARNINGS PER SHARE
12 Months Ended
Dec. 31, 2013
Earnings Per Share [Abstract]  
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):

 

     2013      2012     2011  

Basic:

       

Numerator:

       

Net Income (loss)

   $ 7,232       $ (4,091   $ (1,804

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

     75         46        39   
  

 

 

    

 

 

   

 

 

 

Net income (loss) attributable to common shareholders

   $ 7,157       $ (4,137   $ (1,843
  

 

 

    

 

 

   

 

 

 

Denominator:

       

Denominator for basic earnings per share-weighted-average shares

     14,463         14,400        14,351   
  

 

 

    

 

 

   

 

 

 

Basic earnings per share—common shareholders

   $ 0.50       $ (0.29   $ (0.13
  

 

 

    

 

 

   

 

 

 

Diluted:

       

Numerator:

       

Net income

   $ 7,232       $ (4,091   $ (1,804

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

     75         46        39   
  

 

 

    

 

 

   

 

 

 

Net income attributable to common shareholders

   $ 7,157       $ (4,137   $ (1,843
  

 

 

    

 

 

   

 

 

 

Denominator:

       

Denominator for basic earnings per share-weighted-average shares

     14,463         14,400        14,351   

Effect of dilutive securities:

       

Employee stock options

     6         —          —     
  

 

 

    

 

 

   

 

 

 

Denominator for dilutive earnings per share-weighted-average shares

     14,469         14,400        14,351   
  

 

 

    

 

 

   

 

 

 

Diluted earnings per share—common shareholders

   $ 0.50       $ (0.29   $ (0.13