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Earnings Per Share (Tables)
12 Months Ended
Dec. 31, 2013
Earnings Per Share [Abstract]  
Calculation of Basic and Diluted Earnings per Common Share
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").