Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE

v2.4.0.8
EARNINGS PER SHARE
 6 Months Ended
Jun. 30, 2014
EARNINGS PER SHARE [Abstract]  
EARNINGS PER SHARE

 

 

12.EARNINGS PER SHARE

 

Basic EPS was computed by dividing net income available to common stockholders by the weighted average number of common shares outstanding during the period.  Diluted EPS is computed using the weighted average number of common shares outstanding during the period, including the effect of dilutive potential common shares outstanding attributable to stock awards. 

There were approximately 160,768 and 289,383 shares underlying anti-dilutive awards for the three months ended June 30, 2014 and 2013, respectively, and there were approximately 134,785 and 226,624 shares underlying anti-dilutive awards for the six months ended June 30, 2014 and 2013, respectively. Anti-dilutive awards were excluded from the calculation of diluted EPS.

The following is a reconciliation of the denominators of the basic and diluted EPS computations for the three and six months ended June 30, 2014 and 2013 (in thousands except per share data):

 

 

 

 

 

 

 

 

 

 

 

Net Income Available to Common Shareholders (Numerator)

 

Weighted Average Common Shares (Denominator)

 

Per Share Amount

For the Three Months ended June 30, 2014

 

 

 

 

 

 

 

Net income, basic

$
14,780 

 
46,195 

 

$  

       0.32

Add: potentially dilutive common shares - stock awards

 

 -

 
102 

 

 

 -

Diluted

$
14,780 

 

                  46,297

 

$

       0.32

 

 

 

 

 

 

 

 

For the Three Months ended June 30, 2013

 

 

 

 

 

 

 

Net income, basic

$
9,463 

 
24,722 

 

$
0.38 

Add: potentially dilutive common shares - stock awards

 

 -

 
80 

 

 

 -

Diluted

$
9,463 

 
24,802 

 

$
0.38 

 

 

 

 

 

 

 

 

For the Six Months ended June 30, 2014

 

 

 

 

 

 

 

Net income, basic

$
22,595 

 
46,584 

 

$

       0.49

Add: potentially dilutive common shares - stock awards

 

 -

 
103 

 

 
(0.01)

Diluted

$
22,595 

 

                  46,687

 

$
0.48 

 

 

 

 

 

 

 

 

For the Six Months ended June 30, 2013

 

 

 

 

 

 

 

Net income, basic

$
18,446 

 
24,892 

 

$
0.74 

Add: potentially dilutive common shares - stock awards

 

 -

 
78 

 

 

 -

Diluted

$
18,446 

 
24,970 

 

$
0.74