Earnings Per Share

3 Months Ended

Mar. 31, 2014

Earnings Per Share [Abstract]

Earnings Per Share

Earnings Per Share

The computations of basic and diluted EPS are set forth below:

	For the Three Months Ended March 31,
	2014		2013
	(in thousands, except per share  amounts, unaudited)
Numerator for basic and diluted EPS — net income allocated to common stockholders	$	238	$	13,618
Denominator for basic EPS — weighted average number of shares	30,062		30,172
Add — dilutive effect of:
Weighted average number of incremental shares issuable from restricted stock units	106		89
Denominator for diluted EPS — weighted average number of shares and dilutive potential shares	30,168		30,261
Earnings per share:
Basic	$	0.01	$	0.45
Diluted	$	0.01	$	0.45

The weighted number of shares and dilutive potential shares for the three month periods ended March 31, 2014 and March 31, 2013 includes the conversion of the first tranche of Performance Stock to common stock. The weighted average number of shares and dilutive potential shares for the three month periods ended March 31, 2014 and March 31, 2013 do not include the shares of the second tranche, since the revenue target was not achieved at that time. The second tranche will be included in the Company's share count at the time the revenue target is met. If the revenue target for the second tranche is not achieved, the Performance Stock in that tranche will be canceled.