Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE

v2.4.0.8
EARNINGS PER SHARE
 9 Months Ended
Sep. 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 155,433 and 273,355 shares underlying anti-dilutive awards for the three months ended September 30, 2014 and 2013, respectively, and there were approximately 130,499 and 200,787 shares underlying anti-dilutive awards for the nine months ended September 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 nine months ended September 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 September 30, 2014

 

 

 

 

 

 

 

Net income, basic

$
14,924 

 
45,649 

 

$  

        0.33

Add: potentially dilutive common shares - stock awards

 

 -

 
89 

 

 

 -

Diluted

$
14,924 

 

                   45,738

 

$    

        0.33

 

 

 

 

 

 

 

 

For the Three Months ended September 30, 2013

 

 

 

 

 

 

 

Net income, basic

$
7,946 

 
24,895 

 

$
0.32 

Add: potentially dilutive common shares - stock awards

 

 -

 
68 

 

 

 -

Diluted

$
7,946 

 
24,963 

 

$
0.32 

 

 

 

 

 

 

 

 

For the Nine Months ended September 30, 2014

 

 

 

 

 

 

 

Net income, basic

$
37,519 

 
46,269 

 

$

       0.81

Add: potentially dilutive common shares - stock awards

 

 -

 
98 

 

 

 -

Diluted

$
37,519 

 

                   46,367

 

$

      0.81

 

 

 

 

 

 

 

 

For the Nine Months ended September 30, 2013

 

 

 

 

 

 

 

Net income, basic

$
26,392 

 
24,987 

 

$
1.06 

Add: potentially dilutive common shares - stock awards

 

 -

 
44 

 

 

 -

Diluted

$
26,392 

 
25,031 

 

$
1.06