Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2013

Schedule of Weighted Average Number of Shares

The following table provides a reconciliation of the common shares used for basic earnings per share and diluted earnings per share (in thousands):



	Three Months Ended September 30,		Nine Months Ended September 30,
	2013	2012	2013	2012
Weighted average number of common shares used for basic earnings per share ^(a)	26,206	25,993	26,181	25,970
Effect of potential dilutive shares ^(b)	—	—	—	—
Weighted average number of common shares and potential dilutive shares used for diluted earnings per share	26,206	25,993	26,181	25,970
Anti-dilutive shares outstanding at period-end that are excluded from the above reconciliation ^(c)	5,300	4,853	5,300	4,853

(a)

Weighted average number of common shares used for basic earnings per share excludes 275,188, 242,844, 283,357 and 246,351 weighted average shares of non-vested restricted stock as of the three months ended September 30, 2013 and 2012 and the nine months ended September 30, 2013 and 2012, respectively. Non-vested restricted stock is included in common shares issued and outstanding in the condensed consolidated balance sheets.


(b)	Since the Company incurred a loss for the three and nine months ended September 30, 2013 and 2012, all potentially dilutive securities are anti-dilutive for these periods and, therefore, are excluded from the determination of diluted earnings per share.


(c)	Anti-dilutive shares outstanding at period-end that are excluded from the above reconciliation include warrants, non-vested restricted stock and stock options issued under the FairPoint Communications, Inc. 2010 Long Term Incentive Plan.