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Earnings Per Share ("EPS") (Tables)
 6 Months Ended
Jun. 30, 2012
Computation of Basic and Diluted EPS

The following table shows how we computed basic and diluted EPS for the six month periods ended June 30, 2012 and 2011.

 

     Three Months Ended
June 30,		     Six Months Ended
June 30,		  

(In thousands, except earnings per share data)

    2012     2011     2012     2011  

Net income (loss)

    $ 5,796      $ 1,240      $ 7,178      $ 2,920   

Accumulated undeclared dividends on preferred stock

      (234 )      (316 )      (468 )      (628 ) 
  

 

 

    

 

 

    

 

 

    

 

 

  

Net income allocable to common shareholders(A)

    $ 5,562      $ 924      $ 6,710      $ 2,292   
  

 

 

    

 

 

    

 

 

    

 

 

  

Weighted average outstanding shares of common stock(B)

      15,779        10,435        14,088        10,435   

Dilutive effect of employee stock options and warrants

      199        1,663        118        1,668   
  

 

 

    

 

 

    

 

 

    

 

 

  

Common stock and common stock equivalents(C)

      15,978        12,098        14,206        12,103   
  

 

 

    

 

 

    

 

 

    

 

 

  

Income (Loss) per common share:

         

Basic (A/B)

    $ 0.35      $ 0.09      $ 0.48      $ 0.22   

Diluted (A/C)

    $ 0.35      $ 0.08      $ 0.47      $ 0.19