Common Stock and Earnings per Share

6 Months Ended

Jun. 30, 2014

Earnings Per Share [Abstract]

Common Stock and Earnings per Share

Note 10 – Common Stock and Earnings per Share

In connection with the 2009 Equity Incentive Plan, during the three months ended March 31, 2014, we issued 49 shares of restricted common stock for awards granted in the first quarter of 2014.

Basic earnings per share is based on the weighted average number of shares outstanding and excludes the dilutive effect of unexercised common stock equivalents. Diluted earnings per share is based on the weighted average number of shares outstanding and includes the dilutive effect of unexercised common stock equivalents to the extent they are not anti-dilutive. The details of the earnings per share calculations for the three and six months ended June 30, 2014 and 2013 follow:

	Three months ended						Six months ended
	June 30,						June 30,
	2014			2013			2014			2013
Net income from continuing operations	$	6,893		$	1,850		$	10,419		$	4,262
Income (loss) from discontinued operations		(7	)		(41	)		(22	)		333
Net income	$	6,886		$	1,809		$	10,397		$	4,595
Net income per share:
Basic income (loss) per share
Continuing	$	0.18		$	0.05		$	0.26		$	0.11
Discontinued		(0.00	)		(0.00	)		(0.00	)		0.01
Total	$	0.18		$	0.05		$	0.26		$	0.12
Diluted income (loss) per share
Continuing	$	0.17		$	0.05		$	0.26		$	0.11
Discontinued		(0.00	)		(0.00	)		(0.00	)		0.01
Total	$	0.17		$	0.05		$	0.26		$	0.12
Weighted average common shares outstanding:
Basic		39,358			38,908			39,315			38,798
Diluted		39,471			39,226			39,430			39,145