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Net Income (Loss) Per Share
12 Months Ended
Dec. 31, 2013
Earnings Per Share [Abstract]  
Net Income (Loss) Per Share

NOTE 17—NET INCOME (LOSS) PER SHARE

Basic net income (loss) per common share has been computed using the weighted-average number of shares of common stock outstanding during the period. As a result of the Company’s net losses for the year ended December 31, 2011, all common stock equivalents aggregating 1,189 were excluded from the calculation of diluted loss per share for that year given their anti-dilutive effect. Diluted earnings per share is computed by dividing net income by the weighted average number of common shares outstanding plus common stock equivalents for each period.

 

     Year ended December 31,  
     2013     2012     2011  

Weighted average shares outstanding

     19,794        16,012        12,956   

Less: restricted stock issued

     (254     (251     (149
  

 

 

   

 

 

   

 

 

 

Basic divisor

     19,540        15,761        12,807   

Dilutive shares:

      

Restricted stock awards

     239        138        —     

Stock options

     272        187        —     
  

 

 

   

 

 

   

 

 

 

Diluted divisor

     20,051        16,086        12,807   
  

 

 

   

 

 

   

 

 

 

Net income (loss)

   $ 5,753      $ 96,308      $ (7,710
  

 

 

   

 

 

   

 

 

 

Net income (loss) per share:

      

Basic

   $ 0.29      $ 6.11      $ (0.60
  

 

 

   

 

 

   

 

 

 

Diluted

   $ 0.29      $ 5.99      $ (0.60