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Earnings per Common Share (Tables)
3 Months Ended
Mar. 31, 2013
Earnings per Common Share  
Schedule of computation of basic and diluted earnings per common share

 

 

 

Three Months Ended

 

 

 

March 31,

 

(In thousands, except per share data)

 

2013

 

2012

 

 

 

 

 

 

 

Earnings (loss) from continuing operations

 

$

(2,083

)

$

9,260

 

Income from discontinued operations

 

111

 

213

 

Net earnings (loss)

 

$

(1,972

)

$

9,473

 

Less: Net income attributable to noncontrolling interests

 

536

 

1,108

 

Net earnings (loss) attributable to FirstCity

 

$

(2,508

)

$

8,365

 

Less: Net earnings (loss) allocable to participating securities

 

(48

)

82

 

Net earnings (loss) allocable to common shares

 

$

(2,460

)

$

8,283

 

 

 

 

 

 

 

Weighted-average common shares outstanding - basic

 

10,353

 

10,299

 

Dilutive effect of restricted stock shares

 

 

53

 

Dilutive effect of stock options

 

 

45

 

Weighted-average common shares outstanding - diluted

 

10,353

 

10,397

 

 

 

 

 

 

 

Earnings (loss) from continuing operations per share:

 

 

 

 

 

Basic

 

$

(0.25

)

$

0.78

 

Diluted

 

$

(0.25

)

$

0.78

 

Income from discontinued operations per share:

 

 

 

 

 

Basic

 

$

0.01

 

$

0.02

 

Diluted

 

$

0.01

 

$

0.02

 

 

 

 

 

 

 

Dilutive shares excluded from above as a result of the Company reporting a net loss during the period (in thousands):

 

 

 

 

 

Restrictive stock shares

 

99

 

 

Stock options

 

128