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Earnings Per Share
 6 Months Ended
Jun. 30, 2014
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, 2014
Income
(Numerator)
 
Shares
(Denominator)
 
Per
Share Amount
Net income available to common stockholders
$
9,592

 
64,103

 
 
Attributable to participating securities
(273
)
 
 
 
 
BASIC EPS
$
9,319

 
64,103

 
$
0.15

 
 
 
 
 
 
Net income available to common stockholders
$
9,592

 
64,103

 
 
Effect of dilutive securities:
 
 
 
 
 
Stock options
—

 
64

 
 
Attributable to participating securities
(273
)
 
—

 
 
DILUTED EPS
$
9,319

 
64,167

 
$
0.15

 
 
 
 
 
 
For the Six Months Ended June 30, 2014
Income (Numerator)
 
Shares
(Denominator)
 
Per
Share Amount
Net income available to common stockholders
$
19,635

 
63,940

 
 
 Attributable to participating securities
(571
)
 

 
 
BASIC EPS
$
19,064

 
63,940

 
$
0.30

 
 
 
 
 
 
Net income available to common stockholders
$
19,635

 
63,940

 
 
Effect of dilutive securities:
 
 
 
 
 
Stock options
—

 
56

 
 
Attributable to participating securities
(571
)
 
—

 
 
DILUTED EPS
$
19,064

 
63,996

 
$
0.30

 
 
 
 
 
 
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


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 any of the 2013 and 2014 periods presented because the inclusion would have been anti-dilutive. Options to purchase 937,800 and 1,060,700 shares of common stock were outstanding during the three and six month periods ended June 30, 2014, 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.
Options to purchase 1,265,500 and 1,277,600 shares of common stock were outstanding during the three and six months 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.