| Net (Loss) Income Per Common Share |
Note 9—Net (Loss) Income Per Common
Share
The
reconciliation of the numerator and denominator of the (loss)
income per common share is as follows:
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Three months ended June
30, |
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Six months ended June
30, |
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| (Dollar amounts in thousands, except per share
data) |
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2013 |
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2012 |
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2013 |
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2012 |
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Net (loss)
income
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$ |
(64,935 |
) |
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$ |
(2,033 |
) |
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$ |
(59,463 |
) |
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$ |
1,501 |
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Weighted average common
shares outstanding
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78,928,780 |
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72,672,852 |
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75,849,551 |
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72,659,463 |
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Weighted average potential
dilutive common shares (1)(2)
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— |
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— |
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— |
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4,243,747 |
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Weighted average common
shares outstanding—assuming dilution
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78,928,780 |
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72,672,852 |
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75,849,551 |
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76,903,210 |
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Net (loss) income per
common share—basic
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$ |
(0.82 |
) |
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$ |
(0.03 |
) |
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$ |
(0.78 |
) |
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$ |
0.02 |
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Net (loss) income per
common share—diluted
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$ |
(0.82 |
) |
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$ |
(0.03 |
) |
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$ |
(0.78 |
) |
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$ |
0.02 |
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| (1) |
Potential common shares
consist of common stock issuable under the assumed exercise of
stock options and restricted stock awards using the treasury stock
method. |
| (2) |
For the three months ended
June 30, 2013 and 2012, 3,818,726 and 3,950,989, respectively,
potential common shares consisting of common stock under the
assumed exercise of stock options and restricted stock awards using
the treasury stock method were not included in the computation of
the diluted net (loss) income per share since their inclusion would
have an antidilutive effect. For the six months ended June 30,
2013, 4,227,114 potential common shares consisting of common stock
under the assumed exercise of stock options and restricted stock
awards using the treasury stock method were not included in the
computation of the diluted net (loss) income per share since their
inclusion would have an antidilutive effect. |
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Note 18—Net Income
Per Common Share
The
reconciliation of the numerator and the denominator of the earnings
per common share is as follows:
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Years ended
December 31, |
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| (Dollar amounts in thousands, except per share
data) |
|
2012 |
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|
2011 |
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Net income
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$ |
77,366 |
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$ |
24,214 |
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Weighted average common
shares outstanding
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72,707,542 |
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72,543,500 |
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Weighted average potential
dilutive common shares (1)
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|
3,649,966 |
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|
710,298 |
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Weighted average common
shares outstanding—assuming dilution
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76,367,508 |
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|
73,253,798 |
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Net income per common
share—basic
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$ |
1.06 |
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$ |
0.33 |
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Net income per common
share—diluted
|
|
$ |
1.01 |
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$ |
0.33 |
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Pro forma net income per
common share—basic (2)
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$ |
0.98 |
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Pro forma net income per
common share—diluted (2)
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$ |
0.94 |
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| (1) |
Potential common shares
consist of common stock issuable under the assumed exercise of
stock options and restricted stock awards using the treasury stock
method. |
| (2) |
Pro forma net income per
common share basic and diluted includes 6,250,000 as incremental
shares being offered in the initial public offering. These amounts
are unaudited. |
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