Share Based Compensation Shares In Reserve |
Reserved shares of Common Stock at December 31, 2013 were as follows: | | | | Stock options granted but not exercised | 10,000 |
| Restricted stock to non-employees (authorized but not granted) | 13,383 |
| Restricted stock to employees and executives (authorized but not granted) | 1,292,958 |
| Total | 1,316,341 |
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Schedule of Earnings Per Share, Basic and Diluted |
The computations of basic and diluted earnings (loss) per share from continuing operations are as follows: | | | | | | | | | |
| Year Ended December 31, | | | 2013 |
| 2012 | | Continuing Operations: |
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| | Net income (loss) from continuing operations attributable to shareholders | $ | (5,807 | ) |
| $ | 1,624 |
| | Less: Amounts allocated to participating securities (non-vested shares and units) (i) | — |
|
| (121 | ) | | Net income (loss) from continuing operations attributable to common shareholders | $ | (5,807 | ) |
| $ | 1,503 |
| | Discontinued Operations: |
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|
| | Discontinued operations attributable to shareholders | $ | 878 |
|
| $ | — |
| | Less: Amounts allocated to participating securities (nonvested shares and units) (i) | — |
|
| — |
| | Discontinued operations attributable to common shareholders | $ | 878 |
|
| $ | — |
| | Net income (loss) | $ | (4,929 | ) | | $ | 1,503 |
| |
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| | Share information: |
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| | Basic weighted average common shares(ii) | 17,069,455 |
|
| 16,951,168 |
| | Potential dilutive securities (iii) | — |
|
| — |
| | Diluted weighted average common shares | 17,069,455 |
|
| 16,951,168 |
| |
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| | Basic earnings (loss) per share |
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| | Income (loss) from continuing operations | $ | (0.34 | ) |
| $ | 0.09 |
| | Income from discontinued operations | 0.05 |
|
| — |
| | Net income (loss) | $ | (0.29 | ) | | $ | 0.09 |
| |
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| | Diluted earnings (loss) per share |
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| |
| | Income (loss) from continuing operations | $ | (0.34 | ) |
| $ | 0.09 |
| | Income from discontinued operations | $ | 0.05 |
|
| $ | — |
| | Net income (loss) | $ | (0.29 | ) | | $ | 0.09 |
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| | (i) | Participating securities include 569,296 and 933,887 nonvested restricted shares for the years ended December 31, 2013 and 2012, as well as 371,502 and 423,264 restricted share units for the years ended December 31, 2013 and 2012, respectively. Participating securities do not receive an allocation in periods when a loss is experienced. |
| | (ii) | Under the two-class method, basic weighted average common shares exclude outstanding nonvested participating securities consisting of restricted share awards of 569,296 and 933,887 for the years ended December 31, 2013 and 2012, respectively. |
| | (iii) | Potential dilutive securities have not been included in the earnings (loss) per share computation in a period when a loss is experienced. At December 31, 2013 and 2012, the Company had 10,000 and 20,000 stock options outstanding, respectively, and all were anti-dilutive. |
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