Earnings Per Share

12 Months Ended

Dec. 31, 2013

Earnings Per Share [Abstract]

Earnings Per Share

Earning Per Share

Basic earnings per common share is calculated by dividing net income available to common stockholders by the weighted average number of common stock outstanding during the period. Diluted earnings per share is calculated by dividing net income by the weighted average common stock outstanding plus stock equivalents that would arise from the assumed exercise of stock options and conversion of warrants using the treasury stock method.

The following table reconciles basic weighted average common stock outstanding to diluted weighted average common stock outstanding (in thousands):

	Year Ended December 31,
	2013	2012	2011
Basic weighted average common stock outstanding	36,133	31,040	30,432
Effect of dilutive securities:
Employee stock options	424	442	396
Warrants	1,285	926	689
Restricted Stock Units	71	17	28
Diluted weighted average common stock outstanding	37,913	32,425	31,545

The Company had stock options and warrants outstanding of 308,698 as of December 31, 2012 and 2011 that were not included in the computation of diluted earnings per share because they were not assumed to be exercised under the treasury stock method or because they were anti-dilutive. As of December 31, 2013, all stock options and warrants were included in the computation of diluted earnings per share.