Earnings per Share

9 Months Ended

Sep. 30, 2013

Earnings Per Share [Abstract]

Earnings per Share

Earnings per Share

During the three and nine months ended September 30, 2013, we generated net income from continuing operations. Accordingly, some of our outstanding stock options, warrants and restricted stock awards now have a dilutive impact, illustrated in the following table. We generated basic and diluted earnings per share from net income of $0.03 for each of the three and nine month periods ended September 30, 2013, respectively.

	For the Three Months Ended	For the Nine Months Ended
	September 30, 2013	September 30, 2013
Weighted average shares outstanding for basic EPS	23,291,468	23,278,003
Effect of dilutive securities
Options	8,090	6,486
Restricted stock units	140,259	44,738
Warrants	7,484	324
Weighted average shares outstanding for diluted EPS	23,447,301	23,329,551

Options to purchase 440,573 shares with a weighted average exercise price of $18.86 per share and warrants to purchase 765,000 shares with a weighted average exercise price of $2.47 per share were excluded from the diluted shares calculations for the three and nine months ended September 30, 2013, because their exercise prices were higher than the average stock price for those periods. RSUs totaling 215,000 shares with a grant date price of $0.87 per share were excluded from the diluted EPS calculation for the nine months ended September 30, 2013, because the effect of including those shares would have been anti-dilutive. The performance-based RSUs described in Note 9, Stock-Based Compensation, were excluded from the diluted EPS calculation because the performance conditions had not been met.