Common Stock and Earnings per Share

6 Months Ended

Jun. 30, 2013

Earnings Per Share [Abstract]

Common Stock and Earnings per Share

Note 11 – Common Stock and Earnings per Share

Under with the 2009 Equity Incentive Plan, during the three months ended March 31, 2013, we issued 144 shares of restricted common stock for awards granted in the first quarter of 2013 and 134 shares of unrestricted common stock related to performance awards granted in prior years.

Basic earnings per share is based on the weighted average number of shares outstanding and excludes the dilutive effect of unexercised common stock equivalents. Diluted earnings per share is based on the weighted average number of shares outstanding and includes the dilutive effect of unexercised common stock equivalents to the extent they are not anti-dilutive. The details of the earnings per share calculations for the three and six months ended June 30, 2013 and 2012 follow:

	Three months ended June 30,						Six months ended June 30,
	2013			2012			2013		2012
Net income—continuing operations	$	1,850		$	7,398		$	4,262	$	9,392
Net income (loss)—discontinued operations		(41	)		(236	)		333		(319	)
Net income	$	1,809		$	7,162		$	4,595	$	9,073
Weighted average common shares outstanding
Basic		38,908			38,065			38,798		37,928
Incremental shares with dilutive effect:
Stock options		199			524			199		530
Restricted stock awards		118			153			148		139
Diluted		39,226			38,742			39,145		38,597
Basic income (loss) per share
Continuing operations	$	0.05		$	0.19		$	0.11	$	0.25
Discontinued operations		(0.00	)		(0.01	)		0.01		(0.01	)
Total net income per share	$	0.05		$	0.18		$	0.12	$	0.24
Diluted income (loss) per share
Continuing operations	$	0.05		$	0.19		$	0.11	$	0.24
Discontinued operations		(0.00	)		(0.01	)		0.01		(0.01	)
Total net income per share	$	0.05		$	0.18		$	0.12	$	0.23