Earnings Per Share

12 Months Ended

Dec. 31, 2013

Earnings Per Share [Abstract]

Earnings Per Share

Earnings Per Share

Earnings per share has been computed in accordance with the Earnings Per Share Topic of the ASC. Basic earnings per share of the Company is computed by dividing net (loss) income by the weighted average number of shares of common stock outstanding for the period. Except when the effect would be anti-dilutive, the diluted earnings per share calculation calculated using the treasury stock method includes the impact of stock units, shares of non-vested restricted stock and shares that could be issued under outstanding stock options.

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

				Predecessor Company
	Year Ended December 31, 2013	Year Ended December 31, 2012	Three Hundred Forty-One Days Ended December 31, 2011	Twenty-Four Days Ended January 24, 2011
Weighted average number of common shares used for basic earnings per share (a)	26,189,668	25,987,483	25,837,992	89,423,668
Effect of potential dilutive shares (b)	—	—	—	271,799
Weighted average number of common shares and potential dilutive shares used for diluted earnings per share	26,189,668	25,987,483	25,837,992	89,695,467
Anti-dilutive shares outstanding at period-end that are excluded from the above reconciliation (c)	5,284,459	4,954,778	4,764,194	711,642

(a) Weighted average number of common shares used for basic earnings per share excludes 278,681, 245,602, 355,383 and 16,666 weighted average shares of non-vested restricted stock as of the year ended December 31, 2013, the year ended December 31, 2012, the 341 days ended December 31, 2011 and the 24 days ended January 24, 2011, respectively. Non-vested restricted stock is included in common shares issued and outstanding in the consolidated balance sheets.

(b) Since the Company incurred a loss for the year ended December 31, 2013, the year ended December 31, 2012 and the 341 days ended December 31, 2011, 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 Long Term Incentive Plan (as defined hereinafter in note (16) "Stock-Based Compensation").