XML 74 R22.htm IDEA: XBRL DOCUMENT v2.4.0.8
Earnings per Share
 12 Months Ended
Dec. 31, 2013
Earnings Per Share [Abstract]  
Earnings per Share
Earnings per Share
 
The following table sets forth the computation of basic and diluted earnings per share:
 
 
For the Years Ended December 31,
 
2013
2012
2011
(in thousands, except per share amounts)
Income
Weighted-average Shares
Per Share
Amount
Income
Weighted-average Shares
Per Share
Amount
Income
Weighted-average Shares
Per Share
Amount
Basic earnings per share:
 
 
 
 
 
 
 
 
 
Net income
$
17,260

 
 
$
10,894

 
 
$
289

 
 
Preferred stock dividends
(80
)
 
 
(80
)
 
 
(80
)
 
 
Income available to
common stockholders
17,180

14,142

$
1.21

10,814

14,128

$
0.77

209

13,919

$
0.02

Effect of dilutive securities:
 
 
 
 
 
 
 
 
 

Stock options
 
148

 
 
—

 
 
—

 

Diluted earnings per share:
 

 

 

 

 

 

 

 

 

Income available to
 common stockholders plus
assumed conversions
$
17,180

14,290

$
1.20

$
10,814

14,128

$
0.77

$
209

13,919

$
0.02


 
There were 603,813 options that were excluded from the computation of diluted earnings per share for the year ended December 31, 2013. For the year ended December 31, 2012 there were 1,273,731 options excluded from the computation of diluted earnings per share and there were 1,076,067 options excluded from the computation of diluted loss per share for the year ended December 31, 2011. These options were excluded because of their anti-dilutive impact.