Annual report pursuant to Section 13 and 15(d)

EARNINGS PER SHARE (Tables)

v2.4.1.9
EARNINGS PER SHARE (Tables)
12 Months Ended
Dec. 31, 2014
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Earnings (Loss) 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