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Earnings Per Share
 12 Months Ended
Dec. 31, 2013
Earnings Per Share  
Earnings Per Share

6. Earnings Per Share

         We computed basic EPS for the years ended December 31, 2013, 2012 and 2011 using the weighted average number of shares outstanding during the periods. Diluted EPS reflects the more dilutive earnings per common share amount calculated using the two-class method or the treasury stock method. The treasury stock method reflects dilutive potential common shares related to the Notes that would have been outstanding if dilutive potential common shares had been issued, as well as any adjustment to income applicable to common shareholders that would result from their assumed issuance. The effect of the Notes for the year ended December 31, 2013 was not included in the calculation of diluted EPS because to do so would have been antidilutive. The weighted average shares outstanding used to calculate basic and diluted EPS includes 611, 547 and 582 unvested common shares as of December 31, 2013, 2012 and 2011, respectively, issued to our officers and others under the Share Award Plan. Unvested shares issued under the Share Award Plan are deemed participating securities because they participate equally in earnings with all of our other common shares.

         The following table provides a reconciliation of income from continuing operations and income (loss) from discontinued operations and the number of common shares used in the computations of diluted EPS:

 
   Year Ended December 31,  
 
   2013   2012   2011  
 
   Income
(loss)		   Shares   Per
Share		   Income
(loss)		   Shares   Per
Share		   Income
(loss)		   Shares   Per
Share		  

Income from continuing operations

   $ 3,449       48,277   $ 0.07   $ 10,590     47,952   $ 0.23   $ 75,555       42,161   $ 1.79    

Effect of the Notes

     344       986           677     2,182           962       2,873        
                                       
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Diluted income from continuing operations

   $ 3,449       48,277   $ 0.07   $ 10,590     50,134   $ 0.23   $ 76,517       45,034   $ 1.70    
                                       
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Diluted income (loss) from discontinued operations

   $ (5,789)     48,277   $ (0.12)   $ 11,717     50,134   $ 0.23   $ (3,381)     45,034   $ (0.08)  
                                       
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