Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2013

The following is a reconciliation of earnings per share for the years indicated:


	Year Ended December 31
	2013		2012		2011
	(In thousands, except share and per share data)
Net income (loss)	$	1,130	$	29,181	$	(2,137	)
Less: Dividends paid on and earnings allocated to participating securities		13		115		—

Income (loss) attributable to common stock	$	1,117	$	29,066	$	(2,137	)

Weighted average common shares outstanding, including participating securities		19,876,377		19,620,251		19,462,055
Less: Weighted average participating securities		278,946		81,957		—

Weighted average common shares outstanding		19,597,431		19,538,294		19,462,055

Basic earnings (loss) per common share	$	0.06	$	1.49	$	(0.11	)

Weighted average common shares outstanding		19,597,431		19,538,294		19,462,055
Weighted average common equivalent shares outstanding		282		6,743		—

Weighted average common and equivalent shares outstanding		19,597,713		19,545,037		19,462,055

Diluted earnings per common share	$	0.06	$	1.49	$	(0.11	)

Dividends per common share	$	0.24	$	0.72	$	0.64