Earnings Per Common Share (EPS)

9 Months Ended

Sep. 30, 2013

Earnings Per Share, Basic and Diluted [Abstract]

Earnings Per Common Share (EPS)

Earnings Per Common Share (EPS). The computation of weighted-average shares outstanding and the basic and diluted earnings per common share for the following periods consisted of the following (in thousands, except per share amounts):

	Three Months					Nine Months
	Net Income		Shares	Per Share Amount		Net Income		Shares	Per Share Amount
Period ended September 30, 2013
Basic EPS	$	5,607	42,596	$	0.13	$	10,030	42,560	$	0.24
Effect of dilutive stock options and warrants			276					233
Diluted EPS	$	5,607	42,872	$	0.13	$	10,030	42,793	$	0.23
Stock options excluded from the calculation of common stock equivalents as the impact was anti-dilutive			1,857					2,125
Period ended September 30, 2012
Basic EPS	$	7,226	42,202	$	0.17	$	19,069	42,087	$	0.45
Effect of dilutive stock options and warrants			490					449
Diluted EPS	$	7,226	42,692	$	0.17	$	19,069	42,536	$	0.45
Stock options excluded from the calculation of common stock equivalents as the impact was anti-dilutive			1,542					1,608