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

 

16.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 104,126  shares underlying anti-dilutive options as of December 31, 2013, compared to 309,952 and 383,101 shares as of December 31, 2012, and 2011, respectively, which 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 years ended December 31, 2013, 2012, and 2011 (in thousands except per share data):

 

 

 

 

 

 

 

 

 

 

Net Income Available to Common Stockholders (Numerator)

 

Weighted Average Shares (Denominator)

 

Per Share Amount

 

For the Year Ended December 31, 2013

 

 

 

 

 

 

Basic EPS

$                 34,496

 
24,975 

 

$               1.38

 

Effect of dilutive stock awards

 -

 
56 

 

 -

 

Diluted EPS

$                 34,496

 
25,031 

 

$               1.38

 

 

 

 

 

 

 

 

For the Year Ended December 31, 2012

 

 

 

 

 

 

Basic EPS

$                 35,411

 
25,872 

 

$               1.37

 

Effect of dilutive stock awards

 -

 
29 

 

 -

 

Diluted EPS

$                 35,411

 
25,901 

 

$               1.37

 

 

 

 

 

 

 

 

For the Year Ended December 31, 2011

 

 

 

 

 

 

Basic EPS

$                 27,769

 
25,981 

 

$               1.07

 

Effect of dilutive stock awards

 -

 
29 

 

 -

 

Diluted EPS

$                 27,769

 
26,010 

 

$               1.07