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(Loss) Earnings Per Share (Tables)
12 Months Ended
Dec. 31, 2014
(Loss) Earnings Per Share [Abstract]  
Calculation Of Basic And Diluted (Loss) Earnings Per Share

 

 

 

 

 

 

 

 

 

 

 

 

 

Years Ended December 31,

 

 

 

2014

 

 

2013

 

 

2012

 

Numerator

 

 

 

 

 

 

 

 

 

 

    Net (Loss) Income

 

$

(54,699)

 

$

18,532 

 

$

21,962 

 

    Preferred Stock Dividends

 

 

5,221 

 

 

3,226 

 

 

 -

 

    Net (Loss) Income Available to Common Stockholders

 

$

(59,920)

 

$

15,306 

 

$

21,962 

 

Denominator

 

 

 

 

 

 

 

 

 

 

    Weighted Average Shares of Common Stock

 

 

 

 

 

 

 

 

 

 

    Outstanding:

 

 

 

 

 

 

 

 

 

 

         Basic

 

 

7,284,482 

 

 

7,237,472 

 

 

7,195,606 

 

         Plus:

 

 

 

 

 

 

 

 

 

 

              Effect of dilutive restrictive stock*

 

 

 -

 

 

45,204 

 

 

17,682 

 

         Diluted

 

 

7,284,482 

 

 

7,282,676 

 

 

7,213,288 

 

(Loss) Earnings Per Common Share:

 

 

 

 

 

 

 

 

 

 

    Net (Loss) Income per share - Basic

 

$

(8.23)

 

$

2.11 

 

$

3.05 

 

    Net (Loss) Income per share - Diluted

 

$

(8.23)

 

$

2.10 

 

$

3.04 

 

 

 

 

 

 

 

 

 

 

 

 

The Company was in a loss position for the year ending December 31, 2014, therefore the impact of any incremental shares would have been anti-dilutive.  There are 45,204 and 17,682 incremental shares not included due to the fact it would be anti-dilutive for the twelve months ended December 31, 2013 and 2012, respectively.