2.4.0.8101300 - Disclosure - Earnings Per Share (EPS)truefalsefalse1false falsefalseQ2_2013_Durhttp://www.sec.gov/CIK0001401112duration2013-01-01T00:00:002013-06-30T00:00:001true 1us-gaap_EarningsPerShareAbstractus-gaap_truenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsexbrli:stringItemTypestringfalse0Earnings Per Share (EPS) [Abstract]2false 2us-gaap_EarningsPerShareTextBlockus-gaap_truenadurationfalsefalsefalsefalsefalsefalsefalsefalseterseLabel1falsefalsefalse00<div>13. Earnings per Share (“EPS”) The following table sets forth the computation of basic and diluted net income / (loss) per share for the six months ended June 30, 2012 and 2013, adjusted to give effect to the 10-for-1 reverse stock split that became effective on November 5, 2012, as discussed in Note 12 of the Company’s consolidated financial statements for the year ended December 31, 2012 included in the Company’s Annual Report: Basic and diluted EPS – Class A common shares – The two class method EPS is calculated as follows: <table cellspacing="0" style="vertical-align:top;font-family:Georgia;;width:100%;border-collapse:collapse;margin-left:0pt;"><tr style=""><td style="vertical-align:top;font-family:Georgia;;width:317.25pt;padding:0pt 5.4pt 0pt 5.4pt;"></td><td colspan="2" style="vertical-align:top;font-family:Georgia;;width:192.5pt;border-bottom:solid windowtext 1.5pt;border-bottom:solid windowtext 1.5pt;padding:0pt 5.4pt 0pt 5.4pt;">Six Months Ended June 30,</td></tr><tr style=""><td style="vertical-align:top;font-family:Georgia;;width:317.25pt;border-bottom:solid windowtext 1.5pt;border-bottom:solid windowtext 1.5pt;padding:0pt 5.4pt 0pt 5.4pt;">Numerators</td><td style="vertical-align:top;font-family:Georgia;;width:96.25pt;border-top:solid windowtext 1.5pt;border-bottom:solid windowtext 1.5pt;border-top:solid windowtext 1.5pt;border-bottom:solid windowtext 1.5pt;padding:0pt 5.4pt 0pt 5.4pt;">2012</td><td style="vertical-align:top;font-family:Georgia;;width:96.25pt;border-top:solid windowtext 1.5pt;border-bottom:solid windowtext 1.5pt;border-top:solid windowtext 1.5pt;border-bottom:solid windowtext 1.5pt;padding:0pt 5.4pt 0pt 5.4pt;">2013</td></tr><tr style=""><td style="vertical-align:top;font-family:Georgia;;width:317.25pt;border-top:solid windowtext 1.5pt;border-top:solid windowtext 1.5pt;padding:0pt 5.4pt 0pt 5.4pt;">Net income / (loss)</td><td style="vertical-align:top;font-family:Georgia;;width:96.25pt;border-top:solid windowtext 1.5pt;border-top:solid windowtext 1.5pt;padding:0pt 5.4pt 0pt 5.4pt;">$899,191</td><td style="vertical-align:top;font-family:Georgia;;width:96.25pt;border-top:solid windowtext 1.5pt;border-top:solid windowtext 1.5pt;padding:0pt 5.4pt 0pt 5.4pt;">$(3,494,070)</td></tr><tr style=""><td style="vertical-align:top;font-family:Georgia;;width:317.25pt;vertical-align:middle;border-bottom:solid windowtext 1.5pt;border-bottom:solid windowtext 1.5pt;padding:0pt 5.4pt 0pt 5.4pt;">Less: Net (income) / loss attributable to non-vested share awards</td><td style="vertical-align:top;font-family:Georgia;;width:96.25pt;vertical-align:bottom;border-bottom:solid windowtext 1.5pt;border-bottom:solid windowtext 1.5pt;padding:0pt 5.4pt 0pt 5.4pt;">(27,295)</td><td style="vertical-align:top;font-family:Georgia;;width:96.25pt;vertical-align:bottom;border-bottom:solid windowtext 1.5pt;border-bottom:solid windowtext 1.5pt;padding:0pt 5.4pt 0pt 5.4pt;">66,236</td></tr><tr style=""><td style="vertical-align:top;font-family:Georgia;;width:317.25pt;vertical-align:middle;border-top:solid windowtext 1.5pt;border-top:solid windowtext 1.5pt;padding:0pt 5.4pt 0pt 5.4pt;">Net income / (loss) attributable to common shareholders</td><td style="vertical-align:top;font-family:Georgia;;width:96.25pt;vertical-align:middle;border-top:solid windowtext 1.5pt;border-top:solid windowtext 1.5pt;padding:0pt 5.4pt 0pt 5.4pt;">$871,896</td><td style="vertical-align:top;font-family:Georgia;;width:96.25pt;vertical-align:middle;border-top:solid windowtext 1.5pt;border-top:solid windowtext 1.5pt;padding:0pt 5.4pt 0pt 5.4pt;">$(3,427,834)</td></tr><tr style=""><td style="vertical-align:top;font-family:Georgia;;width:317.25pt;vertical-align:middle;padding:0pt 5.4pt 0pt 5.4pt;"> </td><td style="vertical-align:top;font-family:Georgia;;width:96.25pt;vertical-align:middle;padding:0pt 5.4pt 0pt 5.4pt;"> </td><td style="vertical-align:top;font-family:Georgia;;width:96.25pt;vertical-align:middle;padding:0pt 5.4pt 0pt 5.4pt;"> </td></tr><tr style=""><td style="vertical-align:top;font-family:Georgia;;width:317.25pt;vertical-align:middle;border-bottom:solid windowtext 1.5pt;border-bottom:solid windowtext 1.5pt;padding:0pt 5.4pt 0pt 5.4pt;">Denominators</td><td style="vertical-align:top;font-family:Georgia;;width:96.25pt;vertical-align:middle;border-bottom:solid windowtext 1.5pt;border-bottom:solid windowtext 1.5pt;padding:0pt 5.4pt 0pt 5.4pt;"> </td><td style="vertical-align:top;font-family:Georgia;;width:96.25pt;vertical-align:middle;border-bottom:solid windowtext 1.5pt;border-bottom:solid windowtext 1.5pt;padding:0pt 5.4pt 0pt 5.4pt;"> </td></tr><tr style=""><td style="vertical-align:top;font-family:Georgia;;width:317.25pt;border-top:solid windowtext 1.5pt;border-top:solid windowtext 1.5pt;padding:0pt 5.4pt 0pt 5.4pt;">Weighted average common shares outstanding, basic and diluted</td><td style="vertical-align:top;font-family:Georgia;;width:96.25pt;vertical-align:bottom;border-top:solid windowtext 1.5pt;border-top:solid windowtext 1.5pt;padding:0pt 5.4pt 0pt 5.4pt;">5,913,195</td><td style="vertical-align:top;font-family:Georgia;;width:96.25pt;vertical-align:bottom;border-top:solid windowtext 1.5pt;border-top:solid windowtext 1.5pt;padding:0pt 5.4pt 0pt 5.4pt;">11,016,733</td></tr><tr style=""><td style="vertical-align:top;font-family:Georgia;;width:317.25pt;border-bottom:solid windowtext 1.5pt;border-bottom:solid windowtext 1.5pt;padding:0pt 5.4pt 0pt 5.4pt;"> </td><td style="vertical-align:top;font-family:Georgia;;width:96.25pt;border-bottom:solid windowtext 1.5pt;border-bottom:solid windowtext 1.5pt;padding:0pt 5.4pt 0pt 5.4pt;"> </td><td style="vertical-align:top;font-family:Georgia;;width:96.25pt;border-bottom:solid windowtext 1.5pt;border-bottom:solid windowtext 1.5pt;padding:0pt 5.4pt 0pt 5.4pt;"> </td></tr><tr style=""><td style="vertical-align:top;font-family:Georgia;;width:317.25pt;border-top:solid windowtext 1.5pt;border-top:solid windowtext 1.5pt;padding:0pt 5.4pt 0pt 5.4pt;">Net income / (loss) per common share, basic and diluted:</td><td style="vertical-align:top;font-family:Georgia;;width:96.25pt;border-top:solid windowtext 1.5pt;border-top:solid windowtext 1.5pt;padding:0pt 5.4pt 0pt 5.4pt;">$0.15</td><td style="vertical-align:top;font-family:Georgia;;width:96.25pt;border-top:solid windowtext 1.5pt;border-top:solid windowtext 1.5pt;padding:0pt 5.4pt 0pt 5.4pt;">($0.31)</td></tr><tr><td style="margin:0;padding:0;border:none;width:266.6pt;" /><td style="margin:0;padding:0;border:none;width:86.9pt;" /><td style="margin:0;padding:0;border:none;width:89.3pt;" /></tr></table> Weighted Average Shares – Basic - In calculating basic EPS, the Company includes the effect of vested share awards and Class A common shares issued for exercised stock option awards from the date they are issued or vested. Weighted Average Shares – Diluted - In calculating diluted EPS, the Company includes the potential dilution that could occur if securities or other contracts to issue common stock were exercised. In calculating diluted EPS, the following dilutive securities are included in the shares outstanding unless their effect is anti-dilutive: <div align="center"><table cellspacing="0" style="vertical-align:top;font-family:Georgia;;width:100%;border-collapse:collapse;margin-left:0pt;"><tr style=";height:0;"><td style="vertical-align:top;font-family:Georgia;;width:36pt;padding:0 0pt 0 0pt;">•</td><td style="vertical-align:top;font-family:Georgia;;width:auto;padding:0 0pt 0 0pt;">Unvested share awards outstanding under the Company's Stock Incentive Plan</td></tr><tr><td style="margin:0;padding:0;border:none;width:36pt;" /><td style="margin:0;padding:0;border:none;width:396pt;" /></tr></table></div> <div align="center"><table cellspacing="0" style="vertical-align:top;font-family:Georgia;;width:100%;border-collapse:collapse;margin-left:0pt;"><tr style=";height:0;"><td style="vertical-align:top;font-family:Georgia;;width:36pt;padding:0 0pt 0 0pt;">•</td><td style="vertical-align:top;font-family:Georgia;;width:auto;padding:0 0pt 0 0pt;">Class A common shares issuable upon exercise of the Company's outstanding options</td></tr><tr><td style="margin:0;padding:0;border:none;width:36pt;" /><td style="margin:0;padding:0;border:none;width:396pt;" /></tr></table></div> The Company excluded the dilutive effect of 2,800 (June 30, 2012: 2,800) stock option awards and 280,335 non-vested share awards (June 30, 2012: 139,063) in calculating dilutive EPS for its Class A common shares as they were anti-dilutive.</div>falsefalsefalsenonnum:textBlockItemTypenaThe entire disclosure for earnings per share.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 128 -Paragraph 40 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.21) -URI http://asc.fasb.org/extlink&oid=6880815&loc=d3e20235-122688 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1252-109256 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 55 -Paragraph 52 -URI http://asc.fasb.org/extlink&oid=16381557&loc=d3e4984-109258 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1278-109256 false0Earnings Per Share (EPS)falseEarnings Per Share (EPS)UnKnownUnKnownUnKnownUnKnowntruefalsefalseSheethttp://www.prgn.com/20130630/role/EarningsPerShareEPS12