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Earnings (Loss) Per Common Share
9 Months Ended
Sep. 30, 2014
Earnings Per Share [Abstract]  
EARNINGS (LOSS) PER COMMON SHARE
EARNINGS (LOSS) PER COMMON SHARE
Information with respect to basic and diluted net earnings (loss) per common share is presented below in thousands, except per share:
 
 
Three Months Ended
September 30,
 
Nine Months Ended
September 30,
 
 
 
 
 
 
 
2014
 
2013
 
2014
 
2013
Numerator: Income (loss) amounts attributable to Diversicare Healthcare Services, Inc. common shareholders:
 
 
 
 
 
 
 
Income (loss) from continuing operations
$
219

 
$
(2,321
)
 
$
759

 
$
(6,016
)
Less: income (loss) attributable to noncontrolling interests

 
(17
)
 
25

 
(51
)
Income (loss) from continuing operations attributable to Diversicare Healthcare Services, Inc.
219

 
(2,338
)
 
784

 
(6,067
)
Preferred stock dividends
(48
)
 
(86
)
 
(220
)
 
(258
)
Income (loss) from continuing operations attributable to Diversicare Healthcare Services, Inc. common shareholders
171

 
(2,424
)
 
564

 
(6,325
)
Income (loss) from discontinued operations, net of income taxes
3,928

 
(2,444
)
 
3,444

 
(1,875
)
Net income (loss) attributable to Diversicare Healthcare Services, Inc. common shareholders
$
4,099

 
$
(4,868
)
 
$
4,008

 
$
(8,200
)
 
 
Three Months Ended
September 30,
 
Nine Months Ended
September 30,
 
2014
 
2013
 
2014
 
2013
Net income (loss) per common share:
 
 
 
 
 
 
 
Per common share – basic
 
 
 
 
 
 
 
Income (loss) from continuing operations
$
0.03

 
$
(0.41
)
 
$
0.09

 
$
(1.07
)
Income (loss) from discontinued operations
 
 
 
 
 
 
 
Operating income (loss), net of taxes
(0.10
)
 
(0.42
)
 
(0.18
)
 
(0.32
)
Gain on disposal, net of taxes
0.75

 

 
0.75

 

Discontinued operations, net of taxes
0.65

 
(0.42
)
 
0.57

 
(0.32
)
Net income (loss) per common share – basic
$
0.68

 
$
(0.83
)
 
$
0.66

 
$
(1.39
)
Per common share – diluted
 
 
 
 
 
 
 
Income (loss) from continuing operations
$
0.03

 
$
(0.41
)
 
$
0.09

 
$
(1.07
)
Income (loss) from discontinued operations
 
 
 
 
 
 
 
Operating income (loss), net of taxes
(0.10
)
 
(0.42
)
 
(0.17
)
 
(0.32
)
Gain on disposal, net of taxes
0.73

 

 
0.73

 

Discontinued operations, net of taxes
0.63

 
(0.42
)
 
0.56

 
(0.32
)
Net income (loss) per common share - diluted
$
0.66

 
$
(0.83
)
 
$
0.65

 
$
(1.39
)
Denominator: Weighted Average Common Shares Outstanding:
 
 
 
 
 
 
 
Basic
6,020

 
5,892

 
6,004

 
5,878

Diluted
6,248

 
5,892

 
6,171

 
5,878


The effects of 228,000 SOSARs and options outstanding were excluded from the computation of diluted earnings per common share for the three-month and nine-month periods ended September 30, 2013, because these securities would have been anti-dilutive due to the net loss. The weighted average common shares for basic and diluted earnings for common shares were the same due to the year-to-date loss in these periods.