Earnings Per Share

9 Months Ended

Sep. 30, 2014

Earnings Per Share [Abstract]

Earnings Per Share

NOTE 6. EARNINGS PER SHARE

Basic earnings per weighted average common share (“EPS”) is calculated by dividing net income by the weighted average number of basic common shares outstanding during the period. Diluted earnings per share amounts are based on the weighted average number of common shares including outstanding warrants and the net effect of potentially dilutive common shares outstanding.

The following table sets forth the computation of basic and diluted EPS for the periods indicated.

	Three Months Ended September 30,				Nine Months Ended September 30,
	2014		2013		2014		2013
Basic earnings per share:
Net income attributable to common stockholders (000’s)	$	9,965	$	5,327	$	27,420	$	33,399
Weighted average shares outstanding		29,794,960		15,254,100		22,807,705		13,740,250
Basic earnings per share:	$	0.33	$	0.35	$	1.20	$	2.43
	Three Months Ended September 30,				Nine Months Ended September 30,
	2014		2013		2014		2013
Diluted earnings per share:
Net income attributable to common stockholders (000’s)	$	9,965	$	5,327	$	27,420	$	33,399
Weighted average shares outstanding		29,794,960		15,254,100		22,807,705		13,740,250
Weighted average dilutive shares		19,671		—		1,574,164		—
Total weighted average dilutive shares		29,814,631		15,254,100		24,381,869		13,740,250
Diluted earnings per share:	$	0.33	$	0.35	$	1.12	$	2.43