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 )