Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2014

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:

	Years Ended December 31,
	2014	2013	2012
Weighted average number of common shares used for basic earnings per share (a)	26,449,408	26,189,668	25,987,483
Effect of potential dilutive shares (b)	—	—	—
Weighted average number of common shares and potential dilutive shares used for diluted earnings per share	26,449,408	26,189,668	25,987,483
Anti-dilutive shares outstanding at period-end that are excluded from the above reconciliation (c)	5,589,283	5,284,459	4,954,778

(a) Weighted average number of common shares used for basic earnings per share excludes 316,230, 278,681 and 245,602 weighted average shares of non-vested restricted stock as of the years ended December 31, 2014, 2013 and 2012, respectively. Non-vested restricted stock is included in common shares issued and outstanding in the consolidated balance sheets.

(b) Since the Company incurred a net loss for the years ended December 31, 2014, 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 Long Term Incentive Plan (as defined hereinafter in note (15) "Stock-Based Compensation").