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EARNINGS PER SHARE (Tables)
6 Months Ended
Jun. 30, 2014
Earnings Per Share [Abstract]  
Schedule reconciliation of net income and the number of shares of common stock used in the computations of basic and diluted EPS

 The following table provides a reconciliation of net income and the number of shares of common stock used in the computations of basic and diluted EPS under the two-class method (in thousands, except per share amounts):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three months ended June 30,

 

Six months ended June 30,

 

 

 

2014

 

2013

 

2014

 

2013

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Continuing Operations

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income from continuing operations attributable to common stockholders

 

$

1,130

 

$

953

 

$

2,302

 

$

9,321

 

Less: Dividends attributable to unvested restricted stockholders

 

 

(115

)

 

(113

)

 

(227

)

 

(221

)

Basic and Diluted — Income from continuing operations

 

 

1,015

 

 

840

 

 

2,075

 

 

9,100

 

Discontinued Operations

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic and Diluted — Income from discontinued operations

 

 

 

 

28

 

 

 

 

56

 

Net income attributable to common stockholders after allocation to participating securities

 

$

1,015

 

$

868

 

$

2,075

 

$

9,156

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Number of Shares:

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic and Diluted — Weighted average shares outstanding(1)

 

 

19,104

 

 

15,609

 

 

19,092

 

 

15,600

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic and Diluted Earnings Per Share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income from continuing operations attributable to common stockholders

 

$

0.05

 

$

0.06

 

$

0.11

 

$

0.59

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income from discontinued operations attributable to common stockholders

 

 

 

 

 

 

 

 

 

Net income attributable to common stockholders

 

$

0.05

 

$

0.06

 

$

0.11

 

$

0.59

 


 

 

 

(1)

Weighted average shares outstanding do not include unvested shares of restricted stock totaling 574 and 563 for the three months ended June 30, 2014, and 2013 and 567 and 552 for the six months ended June 30, 2014 and 2013, respectively.