Earnings Per Share

12 Months Ended

Dec. 31, 2013

Earnings Per Share [Abstract]

Earnings Per Share

Note 17 - Earnings Per Share

Basic earnings (loss) per share from continuing operations, discontinued operations and from net income (loss) per common share are computed by dividing income (loss) from continuing operations, income (loss) from discontinued operations and net income (loss), respectively, by the weighted average shares outstanding for the period. Diluted earnings (loss) per share from continuing operations, discontinued operations and from net income (loss) per common share are computed by dividing income (loss) from continuing operations, income (loss) from discontinued operations and net income (loss), respectively, by the weighted average number of common shares, including common stock equivalent shares (stock options and stock-settled stock appreciation rights) outstanding for the period. Certain share-based payment awards which entitle holders to receive non-forfeitable dividends before vesting are considered participating securities and are included in the calculation of basic earnings (loss) per share. There were no reconciling items to net income to arrive at income (loss) available to common stockholders.

The following table sets forth the number of common and common stock equivalent shares used in the computation of basic and diluted earnings (loss) per share:

	Years ended December 31,
	2013			2012			2011
Income (loss) from continuing operations	$	13,218		$	(23,618	)	$	19,412
Income (loss) from discontinued operations		(6,693	)		202			1,199
Net income (loss)	$	6,525		$	(23,416	)	$	20,611
Weighted average shares-Basic		26,286			25,924			25,790
Effect of dilutive stock options		68			--			290
Weighted average shares-Diluted		26,354			25,924			26,080
Basic:
Income (loss) from continuing operations	$	0.50		$	(0.91	)	$	0.75
Income (loss) from discontinued operations		(0.25	)		0.01			0.05
Net income (loss) per common share	$	0.25		$	(0.90	)	$	0.80
Diluted:
Income (loss) from continuing operations	$	0.50		$	(0.91	)	$	0.74
Income (loss) from discontinued operations		(0.25	)		0.01			0.05
Net income (loss) per common share	$	0.25		$	(0.90	)	$	0.79

Since the Company was in a net loss position for the year ended December 31, 2012, there was no difference between the number of shares used to calculate basic and diluted loss per share for the year ended December 31, 2012. There were 121 potentially dilutive stock options not included in the diluted per share calculation because they would be anti-dilutive.

In addition, the following table presents the potentially dilutive outstanding stock options excluded from the computation of diluted earnings per share for each period because they would be anti-dilutive:

	Years ended December 31,
	2013		2012		2011
Anti-dilutive options		1,356		1,530		782
Exercise price range	$	10.02 – 21.08	$	11.71 – 21.08	$	12.02 –21.08
Date of last option expiration	December 16, 2023		December 19, 2022		August 17, 2021