Earnings Per Share

6 Months Ended

Jun. 30, 2014

Earnings Per Share [Abstract]

Earnings Per Share

(4)           Earnings Per Share (As Restated)

The Company computes earnings per share in accordance with FASB ASC 260-10. Basic earnings per share (“Basic EPS”) has been computed using the weighted average number of common shares outstanding during each period. Diluted earnings per share ("Diluted EPS") assumes, as of the beginning of the period, exercise of stock options and restricted stock grants using the treasury stock method. Diluted EPS also assumes conversion of performance-based restricted stock units to common shares based on the number of shares (if any) that would be issuable, according to predetermined performance and market goals, if the end of the reporting period was the end of the performance period. Certain of our stock options and restricted stock grants that would potentially dilute Basic EPS in the future were also antidilutive for the three and six months ended June 30, 2014 and 2013, and are discussed below.

The following is a reconciliation of the numerators and denominators used in the calculation of Basic and Diluted EPS for the three and six months ended June 30, 2014 and 2013 (in thousands, except per share amounts):

	Three Months Ended June 30, 2014					Three Months Ended June 30, 2013
	(As Restated)					(As Restated)
	Net Income		Shares	Per Share Amount		Net Income		Shares	Per Share Amount
Basic EPS:
Net Income and Share Amounts	$	6,827	43,826	$	0.16	$	7,549	43,369	$	0.17
Dilutive Securities:
Stock Options			—					—
Restricted Stock Awards			429					192
Restricted Stock Units			57					51
Diluted EPS:
Net Income and Assumed Share Conversions	$	6,827	44,312	$	0.15	$	7,549	43,612	$	0.17

	Six Months Ended June 30, 2014					Six Months Ended June 30, 2013
	(As Restated)					(As Restated)
	Net Income		Shares	Per Share Amount		Net Income		Shares	Per Share Amount
Basic EPS:
Net Income and Share Amounts	$	12,269	43,727	$	0.28	$	15,587	43,268	$	0.36
Dilutive Securities:
Stock Options			—					2
Restricted Stock Awards			424					242
Restricted Stock Units			64					87
Diluted EPS:
Net Income and Assumed Share Conversions	$	12,269	44,215	$	0.28	$	15,587	43,599	$	0.36

Approximately 1.4 million and 1.6 million stock options to purchase shares were not included in the computation of Diluted EPS for the three months ended June 30, 2014 and 2013, respectively, and approximately 1.5 million stock options to purchase shares were not included in the computation of Diluted EPS for the six months ended June 30, 2014 and 2013 because these stock options were antidilutive. Approximately 0.3 million restricted stock awards were not included in the computation of Diluted EPS for the three and six months ended June 30, 2014 and 2013 because they were antidilutive. Approximately 0.7 million and 0.3 million shares for three and six months ended June 30, 2014 and 2013, respectively, related to performance-based restricted stock units that could be converted to common shares based on predetermined performance and market goals were not included in the computation of Diluted EPS because the performance and market conditions had not been met, assuming the end of the reporting period was the end of the performance period.