Earnings Per Share

12 Months Ended

Dec. 31, 2014

Earnings (loss) per share of common stock:

Earnings Per Share

14.Earnings Per Share

Basic earnings per common share are determined by dividing net earnings applicable to common stock by the weighted average number of common shares actually outstanding during the year. Diluted earnings per common share is based on the increased number of shares that would be outstanding assuming conversion of dilutive outstanding securities using the “as if converted” method. The following table sets forth the computation of basic and diluted earnings per share (in thousands, except share data):

	Years ended December 31,
	2014		2013		2012
Numerator (both basic and diluted):
Net income (loss) available to common stockholders	$	(8,341)	$	(35,929)	$	19,586
Denominator:
Denominator for basic earnings per share		41,165,940		40,288,218		40,505,555
Stock options		-		-		167,986
Unvested restricted stock		-		-		601,752
Denominator for diluted earnings per share		41,165,940		40,288,218		41,275,293
Basic earnings (loss) per common share:	$	(0.20)	$	(0.89)	$	0.48
Diluted earnings (loss) per common share:	$	(0.20)	$	(0.89)	$	0.47

There were 1,342,576 and 887,139 shares of potentially antidilutive shares at December 31, 2014 and 2013, respectively. There were no antidilutive shares at December 31, 2012