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Income (loss) per common share
 9 Months Ended
Sep. 30, 2013
Earnings Per Share [Abstract]  
Income (loss) per common share
Income (loss) per common share
Basic net income (loss) per share (“EPS”) is calculated by dividing net income (loss) attributable to common stockholders by the weighted average shares outstanding during the period. Diluted EPS is calculated by adjusting weighted average shares outstanding for the dilutive effect of common share equivalents outstanding for the period, determined using the treasury-stock method. For purposes of the diluted EPS calculation, stock options and nonvested stock awards are considered to be common stock equivalents. Convertible Class C Preferred shares are considered to be participating securities. During periods of net income, participating securities are allocated a proportional share of net income determined by dividing total weighted average participating securities by the sum of total weighted average common shares and participating securities (“the two-class method”). During periods of net loss, no effect is given to participating securities since they do not share in the losses of the Company.
The basic and diluted EPS calculations for the three months and nine months ended September 30, 2013 and 2012 are presented below:
 
 
Three months ended September 30,
 
Nine months ended September 30,
 
 
2013
 
2012
 
2013
 
2012
Loss from continuing operations
 
(5,603
)
 
(249
)
 
$
(7,933
)
 
$
(10,811
)
Redeemable Class B Senior Preferred stock deemed dividend
 
(363
)
 
(1,144
)
 
(1,836
)
 
(3,366
)
Accretion of beneficial conversion feature on Convertible Class C Preferred stock
 
—

 
—

 
—

 
(5,000
)
Loss attributable to common stockholders, from continuing operations
 
(5,966
)
 
(1,393
)
 
(9,769
)
 
(19,177
)
Income from discontinued operations, net of tax
 
90

 
289

 
341

 
48

Loss attributable to common stockholders
 
$
(5,876
)
 
$
(1,104
)
 
$
(9,428
)
 
$
(19,129
)
 
 
 
 
 
 
 
 
 
Weighted average common shares outstanding, basic and diluted
 
19,813,209

 
13,361,512

 
15,718,667

 
13,079,851

Basic and diluted EPS
 
 
 
 
 
 
 
 
Loss from continuing operations
 
$
(0.30
)
 
$
(0.10
)
 
$
(0.62
)
 
$
(1.46
)
Income from discontinued operations
 
—

 
0.02

 
0.02

 
—

Net loss per share
 
$
(0.30
)
 
$
(0.08
)
 
$
(0.60
)
 
$
(1.46
)

The following table provides the securities that could potentially dilute basic earnings per share in the future, but were not included in the computation of diluted earnings per share because to do so would have been anti-dilutive:
 
 
Three months ended September 30,
 
Nine months ended September 30,
 
 
2013
 
2012
 
2013
 
2012
Stock option awards
 
689,713

 
772,851

 
689,713

 
772,851

Nonvested stock awards
 
618,319

 
610,550

 
618,319

 
610,550

Restricted stock units
 
10,000

 
—

 
10,000

 
—

Convertible Class C Preferred Stock (as converted basis)
 
—

 
4,454,889

 
—

 
4,454,889