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Net Income (Loss) Per Common Share
 9 Months Ended
Sep. 30, 2014
Earnings Per Share [Abstract]  
Net Income (Loss) Per Common Share

Note 9 – Net Income (Loss) Per Common Share

The reconciliation of the numerator and denominator of the income (loss) per common share is as follows:

 

     Three months ended September 30,      Nine months ended September 30,  
(Dollar amounts in thousands, except per share data)    2014      2013      2014      2013  

Net income (loss)

    $ 19,091       $ 14,803       $ 55,070       $ (44,660 ) 
  

 

 

     

 

 

     

 

 

     

 

 

  

Weighted average common shares outstanding

      78,666,241         81,905,566         78,485,109         77,890,406   

Weighted average potential dilutive common shares (1)(2)

      550,683         956,972         708,343         —     
  

 

 

     

 

 

     

 

 

     

 

 

  

Weighted average common shares outstanding - assuming dilution

      79,216,924         82,862,538         79,193,452         77,890,406   
  

 

 

     

 

 

     

 

 

     

 

 

  

Net income (loss) per common share - basic

    $ 0.24       $ 0.18       $ 0.70       $ (0.57 ) 
  

 

 

     

 

 

     

 

 

     

 

 

  

Net income (loss) per common share - diluted

    $ 0.24       $ 0.18       $ 0.70       $ (0.57 ) 
  

 

 

     

 

 

     

 

 

     

 

 

  

 

(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 nine months ended September 30, 2013, 2,784,779 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 income (loss) per share since their inclusion would have an antidilutive effect.

On February 12, 2014, our Board declared a quarterly cash dividend of $0.10 per share of common stock, which was paid on March 14, 2014 to stockholders of record as of February 25, 2014. On May 7, 2014, the Board declared a quarterly cash dividend of $0.10 per share of common stock, which was paid on June 6, 2014 to stockholders of record as of May 19, 2014. On August 6, 2014, the Board declared a quarterly cash dividend of $0.10 per share of common stock, which was paid on September 5, 2014 to stockholders of record as of August 18, 2014.