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Earnings Per Common Share
 6 Months Ended
Jun. 30, 2014
Earnings Per Share [Abstract]  
Earnings Per Common Share
Earnings Per Common Share

Basic net income per common share is based upon the weighted average number of common shares outstanding.  Diluted net income per common share is based upon the weighted average number of common shares outstanding, including the dilutive effect of restricted stock, using the if-converted methods.  The following table shows a reconciliation of the numerators and denominators used in calculating basic and diluted earnings per share.
 
Three months ended
 
Six months ended
 
June 30,
 
June 30,
 
2014
 
2013
 
2014
 
2013
Numerators
 
 
 
 
 
 
 
Net (loss) income
$
(7,411
)
 
$
4,664

 
$
(7,853
)
 
$
6,501

Denominators
 

 
 

 
 
 
 
Weighted average common shares - basic
12,709,014

 
12,612,389

 
12,686,541

 
12,597,381

 
 
 
 
 
 
 
 
Dilutive effect of restricted stock
—

 
107,983

 
—

 
100,566

 
 
 
 
 
 
 
 
Weighted average common shares - diluted
12,709,014

 
12,720,372

 
12,686,541

 
12,697,947

 
 
 
 
 
 
 
 
Basic (loss) earnings per share
$
(0.58
)
 
$
0.37

 
$
(0.62
)
 
$
0.52

 
 
 
 
 
 
 
 
Diluted (loss) earnings per share
$
(0.58
)
 
$
0.37

 
$
(0.62
)
 
$
0.51

    
For the three months and six months ended June 30, 2014, 157,392 and 200,889 shares are not included in the calculation of diluted earnings per share, as their inclusion would have been anti-dilutive. These securities could be dilutive in future periods.