EARNINGS PER COMMON SHARE

6 Months Ended

Jun. 30, 2013

Earnings Per Share [Abstract]

Earnings Per Common Share

EARNINGS PER COMMON SHARE

The following table illustrates the computation of basic and diluted earnings per share for the three and six months ended June 30, 2013 and 2012 (in thousands, except share and per share amounts):

	Three Months Ended June 30,					Six Months Ended June 30,
	2013			2012		2013		2012
Numerator
Net (loss) income attributable to common stockholders	$	(3,185	)	$	5,923	$	6,068	$	10,328
Denominator
Basic weighted average common shares	37,357,112			37,147,942		37,321,813		37,092,683
Dilutive stock options and restricted stock units	—			43,745		467,991		26,322
Diluted weighted average common shares	37,357,112			37,191,687		37,789,804		37,119,005
Net (loss) income attributable to common stockholders, per:
Basic common share	$	(0.09	)	$	0.16	$	0.16	$	0.28
Diluted common share	$	(0.09	)	$	0.16	$	0.16	$	0.28

Certain of our outstanding restricted stock units are considered participating securities because dividend payments are not forfeited even if the underlying award does not vest. Accordingly, the Company uses the two-class method when computing basic and diluted earnings per share. During the three months ended June 30, 2013, all restricted stock units and stock options were not included because they were anti-dilutive. During the six months ended June 30, 2013, approximately 5,000 restricted stock units were not included because they were anti-dilutive. During the three and six months ended June 30, 2012, approximately 10,000 and 15,000 restricted stock units, respectively, were not included because they were anti-dilutive. During the three and six months ended June 30, 2012, approximately 108,000 and 126,000 stock options, respectively, were not included because they were anti-dilutive. No stock options were considered anti-dilutive during the six months ended June 30, 2013.