Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share (Tables)

v2.4.0.8
Earnings Per Share (Tables)
 9 Months Ended
Sep. 30, 2014
Earnings Per Share [Abstract]  
Schedule of Calculation of Basic and Diluted Earnings Per Common Share

The following table presents the calculation of basic and diluted earnings per common share (in thousands, except per share amounts):

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

September 30,

 

 

September 30,

 

 

2014

 

 

2013

 

 

2014

 

 

2013

 

Net income

$

684

 

 

$

14,194

 

 

$

21,710

 

 

$

63,208

 

Less portion allocated to nonvested shares

 

70

 

 

 

159

 

 

 

208

 

 

 

713

 

Net income allocated to common shares

$

614

 

 

$

14,035

 

 

$

21,502

 

 

$

62,495

 

Weighted average common shares outstanding

 

75,613

 

 

 

75,233

 

 

 

75,592

 

 

 

75,221

 

Basic and diluted earnings per common share

$

0.01

 

 

$

0.19

 

 

$

0.28

 

 

$

0.83

 

Shares excluded due to being anti-dilutive (weighted-average)

 

—

 

 

 

851

 

 

 

—

 

 

 

860