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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