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Earnings Per Share
 9 Months Ended
Sep. 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 September 30, 2014
Income
(Numerator)
 
Shares
(Denominator)
 
Per
Share Amount
Net income available to common stockholders
$
4,671

 
64,265

 
 
Attributable to participating securities
(123
)
 
 
 
 
BASIC EPS
$
4,548

 
64,265

 
$
0.07

 
 
 
 
 
 
Net income available to common stockholders
$
4,671

 
64,265

 
 
Effect of dilutive securities:
 
 
 
 
 
Stock options
—

 
87

 
 
Attributable to participating securities
(123
)
 
—

 
 
DILUTED EPS
$
4,548

 
64,352

 
$
0.07

 
 
 
 
 
 
For the Nine Months Ended September 30, 2014
Income (Numerator)
 
Shares
(Denominator)
 
Per
Share Amount
Net income available to common stockholders
$
24,306

 
64,073

 
 
 Attributable to participating securities
(649
)
 

 
 
BASIC EPS
$
23,657

 
64,073

 
$
0.37

 
 
 
 
 
 
Net income available to common stockholders
$
24,306

 
64,073

 
 
Effect of dilutive securities:
 
 
 
 
 
Stock options
—

 
55

 
 
Attributable to participating securities
(649
)
 
—

 
 
DILUTED EPS
$
23,657

 
64,128

 
$
0.37

 
 
 
 
 
 
For the Three Months Ended September 30, 2013
Income (Numerator)
 
Shares
(Denominator)
 
Per
Share Amount
Net income available to common stockholders
$
383

 
63,096

 
 
Attributable to participating securities
(8
)
 
 
 
 
BASIC EPS
$
375

 
63,096

 
$
0.01

 
 
 
 
 
 
Net income available to common stockholders
$
383

 
63,096

 
 
Effect of dilutive securities:
 
 
 
 
 
Stock options
—

 
146

 
 
Attributable to participating securities
(8
)
 
—

 
 
DILUTED EPS
$
375

 
63,242

 
$
0.01

 
 
 
 
 
 
For the Nine Months Ended September 30, 2013
Income (Numerator)
 
Shares
(Denominator)
 
Per
Share Amount
Net income available to common stockholders
$
6,652

 
62,936

 
 
Attributable to participating securities
(151
)
 
 
 
 
BASIC EPS
$
6,501

 
62,936

 
$
0.10

 
 
 
 
 
 
Net income available to common stockholders
$
6,652

 
62,936

 
 
Effect of dilutive securities:
 
 
 
 
 
Stock options
—

 
169

 
 
Attributable to participating securities
(151
)
 
—

 
 
DILUTED EPS
$
6,501

 
63,105

 
$
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 868,300 and 985,700 shares of common stock were outstanding during the three and nine month periods ended September 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 1,199,000 and 1,245,000 shares of common stock were outstanding during the three and nine months ended September 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.