The weighted average number of shares of common stock used in basic and diluted earnings per share for the three and six months ended June 30, 2014 and 2013 is as follows:


	For the three months ended June 30,
(amounts in thousands, except for per share)	2014				2013

NUMERATOR:
Net income (loss) applicable to common stock and participating securities	$	31,530		$	(16	)
Less: income applicable to participating securities (1)		(827	)		-
Net income (loss) applicable to common stock	$	30,703		$	(16	)

DENOMINATOR:
Weighted average shares outstanding - Basic and Diluted (2)		5,917			5,775

EPS:
Net income (loss) per share - Basic and Diluted	$	5.19		$	-

(1)	For the three months ended June 30, 2014 and 2013, the Company had 0.2 million and 0.4 million in nonvested participating securities, respectively. As the participating securities do not participate in losses, there was no allocation of loss for the three months ended June 30, 2013.
(2)	For the three months ended June 30, 2014 and 2013, potentially dilutive shares related to out of the money common stock options that were excluded from EPS, as their effect was anti-dilutive, were nominal.


	For the six months ended June 30,
(amounts in thousands, except for per share)	2014			2013

NUMERATOR:
Net income (loss) applicable to common stock and participating securities	$	31,275		$	(693	)
Less: income applicable to participating securities (1)		(1,414	)		-
Net income (loss) applicable to common stock	$	29,861		$	(693	)

DENOMINATOR:
Weighted average shares outstanding - Basic and Diluted (2)		5,842			5,760

EPS:
Net income (loss) per share - Basic and Diluted	$	5.11		$	(0.12	)

(1)	For the six months ended June 30, 2014 and 2013, the Company had 0.3 million and 0.4 million in nonvested participating securities, respectively. As the participating securities do not participate in losses, there was no allocation of loss for the six months ended June 30, 2013.
(2)	For the six months ended June 30, 2014 and 2013, potentially dilutive shares related to out of the money common stock options that were excluded from EPS, as their effect was anti-dilutive, were nominal.