Stockholders' Equity (Deficit)

12 Months Ended

Dec. 31, 2013

Stockholders' Equity (Deficit)

12. Stockholders’ Equity (Deficit)

Common Stock — Our authorized capital stock consists of 60,000,000 shares of common stock with a par value of $0.01 per share.

Preferred Stock — Our authorized capital stock consists of 5,000,000 shares of preferred stock with a par value of $0.01 per share, with no shares outstanding as of December 31, 2013.

Earnings Per Share — Basic earnings per share is determined by dividing net income by the weighted average number of common shares outstanding during the year. Diluted earnings per share, and all other diluted per share amounts presented, is determined by dividing net income by the weighted average number of common shares and potential common shares outstanding during the period as determined by the Treasury Stock Method. Potential common shares are included in the diluted earnings per share calculation when dilutive. Diluted earnings per share for years ended December 31, 2013, 2012 and 2011 includes the effects of potential common shares consisting of common stock issuable upon exercise of outstanding stock options when dilutive (in thousands, except per share amounts):

	2013			2012		2011
Net income (loss) attributable to common stockholders — basic and diluted	$	(12,445	)	$	50,077	$	18,605
Weighted average number of common shares outstanding		28,584			28,230		27,848
Dilutive effect of outstanding stock options and restricted stock grants after application of the treasury stock method		—			198		342
Dilutive shares outstanding		28,584			28,428		28,190
Basic earnings (loss) per share attributable to common stockholders	$	(0.44	)	$	1.77	$	0.67
Diluted earnings (loss) per share attributable to common stockholders	$	(0.44	)	$	1.76	$	0.66

As of December 31, 2013, diluted earnings per share excludes approximately 855 thousand shares of nonvested restricted stock and 206 thousand shares of outstanding stock options as the effect would have been anti-dilutive. As of December 31, 2012, diluted earnings per share excludes approximately 467 thousand shares of nonvested restricted stock and 470 thousand shares of outstanding stock options as the effect would have been anti-dilutive. As of December 31, 2011, diluted earnings per share excludes approximately 291 thousand shares of nonvested restricted stock and 470 thousand shares of outstanding stock options as the effect would have been anti-dilutive.

Dividends — We have not declared or paid any cash dividends in the past. The terms of the Loan and Security Agreement and the 7.875% Notes Indenture restricts the payment or distribution of our cash or other assets, including cash dividend payments.