Stockholders' Equity (Tables)

9 Months Ended

Sep. 30, 2013

Equity [Abstract]

Computation of Basic and Diluted Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per share (in thousands, except share and per share data):

	Three Months Ended September 30,						Nine Months Ended September 30,
	2013			2012			2013		2012
Numerator:
Net income (loss) available to common shareholders	$	(15,298	)	$	(14,312	)	$	19,495	$	6,339
Denominator:
Basic weighted average shares outstanding		16,830,106			16,677,159			16,886,355		15,910,300
Effect of dilutive securities:
SARs and options		—			—			283,095		421,539
Convertible notes		—			—			—		643,978
Restricted stock		—			—			84,005		35,889
Diluted weighted average shares outstanding		16,830,106			16,677,159			17,253,455		17,011,706
Basic earnings (loss) per share	$	(0.91	)	$	(0.86	)	$	1.15	$	0.40
Diluted earnings (loss) per share	$	(0.91	)	$	(0.86	)	$	1.13	$	0.37

Antidilutive Securities Excluded from Computation of Earnings Per Share

The computation of diluted earnings per share excludes the following potentially dilutive securities because the effect would be anti-dilutive:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2013		2012		2013		2012
Restricted stock and stock options		203,951		342,342		17,310		126,342
Stock appreciation rights		57,895		941,914		48,770		161,608