Net Income Per Share

6 Months Ended

Jun. 30, 2014

Earnings Per Share [Abstract]

Net Income Per Share

NOTE 8—NET INCOME PER SHARE

Basic net income per common share has been computed using the weighted-average number of shares of common stock outstanding during the period. Diluted income per share is computed using the weighted-average number of common shares and common stock equivalents outstanding. Common stock equivalents totaling 7 and 28,123 for the three months ended June 30, 2014 and 2013, respectively, and common stock equivalents totaling 201 and 32,967 for the six months ended June 30, 2014 and 2013, respectively, were excluded from the calculation of diluted earnings per share because of a decline in the average market price of the common stock compared to the price on the grant date.

	Three Months Ended June 30,				Six Months Ended June 30,
	2014		2013		2014		2013
Numerator:
Numerator for basic earnings per share:
Net income	$	3,222	$	6,677	$	58	$	894
Denominator (shares in thousands):
Denominator for basic earnings per share:
Weighted average shares		22,872		17,598		22,847		17,573
Effect of dilutive shares:
Restricted stock awards		279		209		291		205
Stock options		332		261		326		255
Dilutive potential common shares		611		470		616		460
Denominator for diluted earnings per share:
Adjusted weighted average shares		23,483		18,068		23,463		18,033
Basic income per share attributable to Carmike stockholders	$	0.14	$	0.38	$	0.00	$	0.05
Diluted income per share attributable to Carmike stockholders	$	0.14	$	0.37	$	0.00	$	0.05