Annual report pursuant to Section 13 and 15(d)

EARNINGS PER SHARE

v2.4.1.9
EARNINGS PER SHARE
 12 Months Ended
Dec. 31, 2014
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):

 

     2014      2013      2012  

Basic:

         

Numerator:

         

Net Income (loss)

    $ 15,320       $ 7,232       $ (4,091 ) 

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

      104         75         46   
  

 

 

     

 

 

     

 

 

  

Net income (loss) attributable to common shareholders

    $ 15,216       $ 7,157       $ (4,137 ) 
  

 

 

     

 

 

     

 

 

  

Denominator:

         

Denominator for basic earnings per share-weighted-average shares

      14,505         14,463         14,400   
  

 

 

     

 

 

     

 

 

  

Basic earnings per share—common shareholders

    $ 1.05       $ 0.50       $ (0.29 ) 
  

 

 

     

 

 

     

 

 

  

Diluted:

         

Numerator:

         

Net income

    $ 15,320       $ 7,232       $ (4,091 ) 

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

      104         75         46   
  

 

 

     

 

 

     

 

 

  

Net income attributable to common shareholders

    $ 15,216       $ 7,157       $ (4,137 ) 
  

 

 

     

 

 

     

 

 

  

Denominator:

         

Denominator for basic earnings per share-weighted-average shares

      14,505         14,463         14,400   

Effect of dilutive securities:

         

Employee stock options

      —           6         —     
  

 

 

     

 

 

     

 

 

  

Denominator for dilutive earnings per share-weighted-average shares

      14,505         14,469         14,400   
  

 

 

     

 

 

     

 

 

  

Diluted earnings per share—common shareholders

    $ 1.05       $ 0.50       $ (0.29 )