Earnings Per Common Share

6 Months Ended

Jun. 30, 2014

Earnings Per Common Share

4. EARNINGS PER COMMON SHARE

Basic and diluted earnings per common share (“EPS”) amounts are presented on the face of the accompanying Income Statements.

No reconciliation of the basic and diluted EPS numerators is necessary as net income is used as the numerators for all periods presented.  The reconciliation of the basic and diluted EPS denominators related to the common shares is included in the following table (in thousands):

	Quarter Ended June 30,				Six Months Ended June 30,
	2014		2013		2014		2013
Basic weighted-average common shares		32,619		32,125		32,469		32,129
Dilutive effect of common stock options		—		—		—		2
Dilutive effect of restricted common stock		370		314		560		352
Dilutive effect of 2010 Convertible Notes		554		—		760		—
Diluted weighted-average common shares		33,543		32,439		33,789		32,483

There were no potentially dilutive common shares related to stock options and unvested shares of restricted common stock for the second quarters of 2014 and 2013 and six months ended June 30, 2014 and 2013 excluded from the computation of diluted EPS related to common shares.

The 2010 Convertible Notes have a dilutive effect only in those quarterly periods in which our average stock price exceeds the current effective conversion price (see Note 5).