Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v2.4.0.8
Earnings Per Share
 9 Months Ended
Sep. 30, 2014
Earnings Per Share [Abstract]  
Earnings Per Share

9.  Earnings Per 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