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Earnings Per Share
6 Months Ended
Jun. 30, 2015
Earnings Per Share [Abstract]  
EARNINGS PER SHARE
EARNINGS PER SHARE
The following table sets forth the computation of the basic and diluted earnings per share for the three months ended June 30, 2014 and 2015:
 
For the Three Months Ended June 30,
 
For the Six Months
 Ended June 30,
 
2014
 
2015
 
2014
 
2015
Numerator for basic and diluted earnings per share:
 
 
 
 
 
 
 
Numerator from continuing operations
 
 
 
 
 
 
 
Income from continuing operations
$
3,883

 
$
4,557

 
$
5,515

 
$
10,975

Less: Earnings allocated to unvested restricted stock
(76
)
 
(53
)
 
(115
)
 
(146
)
Income attributable to continuing operations
$
3,807

 
$
4,504

 
$
5,400

 
$
10,829

 
 
 
 
 
 
 
 
Numerator from discontinued operations
 
 
 
 
 
 
 
Loss from discontinued operations
$
(637
)
 
$

 
$
(51
)
 
$

Less: Earnings allocated to unvested restricted stock
13

 

 
1

 

Loss attributable to discontinued operations
$
(624
)
 
$

 
$
(50
)
 
$

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Denominator
 
 
 
 
 
 
 
Denominator for basic earnings per common share - weighted average shares outstanding
18,123

 
18,268

 
18,054

 
18,238

Effect of dilutive securities:
 
 
 
 
 
 
 
Stock options
124

 
261

 
141

 
255

Convertible subordinated notes

 
351

 

 
351

Denominator for diluted earnings per common share - weighted average shares outstanding
18,247

 
18,880

 
18,195

 
18,844

 
 
 
 
 
 
 
 
Basic earnings (loss) per common share:
 
 
 
 
 
 
 
Continuing operations
$
0.21

 
$
0.25

 
$
0.30

 
$
0.59

Discontinued operations
(0.03
)
 

 

 

Basic earnings per common share
$
0.18

 
$
0.25

 
$
0.30

 
$
0.59

 
 
 
 
 
 
 
 
Diluted earnings (loss) per common share:
 
 
 
 
 
 
 
Continuing operations
$
0.21

 
$
0.24

 
$
0.30

 
$
0.57

Discontinued operations
(0.04
)
 

 
(0.01
)
 

Diluted earnings per common share
$
0.17

 
$
0.24

 
$
0.29

 
$
0.57


The fully diluted weighted average shares outstanding for the three and six months ended June 30, 2015, and the corresponding calculation of fully diluted earnings per share, include approximately 351,000 shares that would have been issued upon the conversion of our convertible subordinated notes as a result of the application of the if-converted method prescribed by the FASB ASC 260.
For the three and six months ended June 30, 2015, 25,000 stock options were excluded from the computation of diluted earnings per share because the inclusion of such stock options would result in an antidilutive effect. There were no options excluded from the computation of diluted earnings per share for the three and six months ended June 30, 2014.