Earnings Per Share

12 Months Ended

Dec. 31, 2013

Earnings Per Share [Abstract]

Earnings Per Share

EARNINGS PER SHARE

Basic earnings per share (EPS) is based on the weighted average number of common shares outstanding for the period, excluding any dilutive common share equivalents. Diluted EPS reflects the potential dilution resulting from vesting of restricted stock units. The following table shows the computation of basic and diluted EPS for the years ended December 31, 2013 and December 31, 2012:

	Year Ended December 31,
	2013		2012
Numerator:
Net income attributable to common stockholders	$	20,342	$	9,705
Denominator:
Weighted-average shares outstanding	16,100,882		10,607,751
Effect of dilutive securities	82,216		47,773
Weighted-average diluted shares	16,183,098		10,655,524
Basic earnings per share	$	1.26	$	0.91
Diluted earnings per share	$	1.26	$	0.91

See Note 17 for additional information on the stock grants related to dilutive securities.

We had 7,077,375 warrants outstanding, which expired on October 4, 2011. All of the warrants outstanding were anti-dilutive during that period. Prior to their expiration, each warrant could have been exercised for one share of common stock.