Earnings Per Share

12 Months Ended

Dec. 31, 2013

Earnings Per Share [Abstract]

Earnings Per Share

Note 8 - Earnings Per Share

The calculation of basic and diluted earnings per share, including the effect of dilutive securities is as follows:

(in thousands, except per share data)

	Year Ended December 31, 2013			Year Ended December 31, 2012
Net income (loss)	$	(6,018	)	$	145,929
Weighted average common shares outstanding		42,275			43,250
Assumed dilutive effect of stock option exercise(s)		-			-
Weighted average common shares outstanding assuming dilution		42,275			43,250
Net income (loss) per common share - basic	$	(0.14	)	$	3.37
Net income (loss) per common share - assuming dilution	$	(0.14	)	$	3.37

Options to purchase shares of common stock which were excluded from the computation of diluted earnings per share due to the effect of being antidilutive in the computation of earnings per share were as follows:

(in thousands)	December 31, 2013	December 31, 2012
Option shares	-	-