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Earnings per Share (Tables)
9 Months Ended
Sep. 30, 2014
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted
The computations of basic and diluted earnings (loss) per share from continuing and discontinued operations are as follows:
 
 
Quarter Ended
 
Year to Date Ended
 
 
September 30,
2014
 
September 30,
2013
 
September 30,
2014
 
September 30,
2013
Continuing Operations:
 
 
 
 
 
 
 
 
Net income (loss) from continuing operations attributable to shareholders
 
$
6,228

 
$
(6,325
)
 
16,112

 
$
(5,974
)
Less:  Amounts allocated to participating securities (nonvested shares and units)(i)
 
268

 

 
692

 

Net income (loss) from continuing operations attributable to common shareholders
 
$
5,960

 
$
(6,325
)
 
$
15,420

 
$
(5,974
)
 
 
 
 
 
 
 
 
 
Discontinued Operations:
 
 
 
 
 
 
 
 
Discontinued operations attributable to shareholders
 
$

 
$

 
$

 
$
1,406

Less:  Amounts allocated to participating securities (nonvested shares and units)(i)
 

 

 

 

Discontinued operations attributable to common shareholders
 
$

 
$

 
$

 
$
1,406

 
 
 
 
 
 
 
 
 
Share information:
 
 
 
 
 
 
 
 
Basic weighted average common shares(ii)
 
17,334,330

 
17,127,523

 
17,286,258

 
17,045,001

Potential dilutive securities(iii)
 
229

 

 

 

Diluted weighted average common shares
 
17,334,559

 
17,127,523

 
17,286,258

 
17,045,001

 
 
 
 
 
 
 
 
 
Basic earnings (loss) per share
 
 
 
 
 
 
 
 
Income (loss) from continuing operations
 
$
0.34

 
$
(0.37
)
 
$
0.89

 
$
(0.35
)
Income from discontinued operations
 

 

 

 
0.08

Net income (loss) (iv)
 
$
0.34

 
$
(0.37
)
 
$
0.89

 
$
(0.27
)
 
 
 
 
 
 
 
 
 
Diluted earnings (loss) per share
 
 
 
 
 
 
 
 
Income (loss) from continuing operations
 
$
0.34

 
$
(0.37
)
 
$
0.89

 
$
(0.35
)
Income from discontinued operations
 

 

 

 
0.08

Net income (loss) (iv)
 
$
0.34

 
$
(0.37
)
 
$
0.89

 
$
(0.27
)

(i) 
Participating securities include 301,598 and 699,612 nonvested restricted shares for the quarters ended September 30, 2014 and 2013, respectively, as well as 476,149 and 413,764 restricted share units for the quarters ended September 30, 2014 and 2013, respectively.
(ii) 
Under the two-class method, basic weighted average common shares exclude outstanding nonvested, participating securities consisting of restricted share awards of 301,598 and  699,612 for the quarters ended September 30, 2014 and 2013, respectively.
(iii) 
Anti-dilutive shares related to stock options totaled 6,000 and 18,000 for the quarters ended September 30, 2014 and 2013, respectively, and 8,667 and 18,667 for the year to date periods ended September 30, 2014 and 2013, respectively. There were dilutive shares related to stock options totaling 4,000 and 0 for the quarters ended September 30, 2014 and 2013, respectively, and 1,333 and 1,333 for the year to date periods ended September 30, 2014 and 2013, respectively. The dilutive shares resulted in potential dilutive securities of 229 and 0 for the quarter and year to date periods ended September 30, 2014 and potential dilutive securities of 0 and 0 for the quarter and year to date periods ended September 30, 2013, respectively.
(iv) 
See Note 2.  Equity Method Investments for further discussion of earnings (loss) per share for the year to date period ended September 30, 2014.