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Earnings Per Share
 6 Months Ended
Jun. 30, 2013
Earnings Per Share [Abstract]  
Earnings Per Share
Earnings Per Share
A reconciliation between the basic and diluted earnings per share computations (in thousands, except per share amounts) is as follows:
For the Three Months Ended June 30, 2013
Income
(Numerator)
 
Shares
(Denominator)
 
Per
Share Amount
Net income available to common stockholders
$
3,662

 
62,963

 
 
Attributable to participating securities
(87
)
 
 
 
 
BASIC EPS
$
3,575

 
62,963

 
$
0.06

 
 
 
 
 
 
Net income available to common stockholders
3,662

 
62,963

 
 
Effect of dilutive securities:
 
 
 
 
 
Stock options
—

 
167

 
 
Attributable to participating securities
(87
)
 
—

 
 
DILUTED EPS
$
3,575

 
63,130

 
$
0.06

 
 
 
 
 
 
For the Six Months Ended June 30, 2013
Income (Numerator)
 
Shares
(Denominator)
 
Per
Share Amount
Net income available to common stockholders
$
6,269

 
62,899

 
 
 Attributable to participating securities
(163
)
 

 
 
BASIC EPS
$
6,106

 
62,899

 
$
0.10

 
 
 
 
 
 
Net income available to common stockholders
$
6,269

 
62,899

 
 
Effect of dilutive securities:
 
 
 
 
 
Stock options

 
185

 
 
Attributable to participating securities
(163
)
 
—

 
 
DILUTED EPS
$
6,106

 
63,084

 
$
0.10

 
 
 
 
 
 
For the Three Months Ended June 30, 2012
Loss
(Numerator)
 
Shares
(Denominator)
 
Per
Share Amount
BASIC EPS
 
 
 
 
 
Net loss available to common stockholders
$
(54,520
)
 
62,363

 
$
(0.87
)
Effect of dilutive securities:
 
 
 
 
 
Stock options
—

 
—

 
 
Restricted stock
—

 
—

 
 
DILUTED EPS
$
(54,520
)
 
62,363

 
$
(0.87
)
 
 
 
 
 
 
For the Six Months Ended June 30, 2012
Loss
(Numerator)
 
Shares
(Denominator)
 
Per
Share Amount
BASIC EPS
 
 
 
 
 
Net loss available to common stockholders
$
(73,128
)
 
62,289

 
$
(1.17
)
Effect of dilutive securities:
 
 
 
 
 
Stock options
—

 
—

 
 
Restricted stock
—

 
—

 
 
DILUTED EPS
$
(73,128
)
 
62,289

 
$
(1.17
)

Common shares issuable upon the assumed conversion of the Series B preferred stock totaling 5,148,000 shares were not included in the computation of diluted earnings per share for the three and six month periods ended June 30, 2013 because the inclusion would have been anti-dilutive. Options to purchase 1,265,500 and 1,277,600 shares of common stock were outstanding during the three and six month periods ended June 30, 2013, respectively, and were not included in the computation of diluted earnings per share because the options' exercise prices were in excess of the average market price of the common shares.
An aggregate of 834,000 and 897,000 shares of common stock representing options to purchase common stock and unvested shares of restricted common stock and common shares issuable upon the assumed conversion of the Series B preferred stock totaling 5,148,000 shares were not included in the computation of diluted earnings per share for the three and six month periods ended June 30, 2012, respectively, because the inclusion would have been anti-dilutive as a result of the net loss reported for the respective periods. In addition, options to purchase 1,226,400 and 1,115,800 shares of common stock were outstanding during the three and six months ended June 30, 2012, respectively, that would not have been included in the computation of diluted earnings per share because the options' exercise prices were in excess of the average market price of the common shares.