Earnings Per Share

9 Months Ended

Sep. 30, 2013

Earnings Per Share

Earnings Per Share

9. Earnings Per Share

The following is a summary of basic and diluted income per share (in thousands, except share and per share amounts):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2013		2012		2013		2012
Net income attributable to common shares	$	2,901	$	1,320	$	7,368	$	2,749
Weighted average common shares outstanding - basic	20,871,504		20,554,893		20,793,596		20,514,713
Effect of potentially dilutive common shares:
Stock options	391,398		267,831		388,889		225,520
Unvested restricted awards	217,069		204,911		283,225		150,661
Weighted average common shares outstanding - diluted	21,479,971		21,027,635		21,465,710		20,890,894
Net income per share attributable to common shares
Basic	$	0.14	$	0.06	$	0.35	$	0.13
Diluted	$	0.14	$	0.06	$	0.34	$	0.13

In the calculations above, we have excluded weighted-average potentially dilutive securities of 211,721 and 200,908 for the three months ended September 30, 2013, and 2012, respectively, and 166,732 and 100,587 for the nine months ended September 30, 2013, and 2012, respectively, as their effect would have been antidilutive.