Earnings (Loss) Per Share

12 Months Ended

Dec. 31, 2013

Earnings (Loss) Per Share

(5) EARNINGS (LOSS) PER SHARE

Basic earnings (loss) per share is computed by dividing net income (loss) by the weighted average number of common shares outstanding during the period. Diluted earnings (loss) per share is computed by dividing net income (loss) by the weighted average number of common shares outstanding and the number of dilutive potential common share equivalents during the period, calculated using the if-converted and treasury-stock methods.

The calculation of basic and diluted earnings per share for 2013 and 2012 is as follows:

	2013			2012
BASIC
Net(loss) income attributable to common stockholders	$	(7,301	)	$	1,553
Weighted average shares outstanding—basic		31,152,015			31,062,428
Net (loss) income per share—basic	$	(0.23	)	$	0.05
DILUTED
Net (loss) income attributable to common stockholders	$	(7,301	)	$	1,553
Weighted average shares outstanding—basic		31,152,015			31,062,428
Dilutive securities		—			159,698
Weighted average shares outstanding, diluted		31,152,015			31,222,126
Net (loss) income per share, diluted	$	(0.23	)	$	0.05

The effects of potential common stock equivalents, related to outstanding options for the year ended December 31, 2013 totaling 2,472,205 have not been included in the computation of diluted net loss per share because the impact of the potential shares would decrease the loss per share.

Potential common share equivalents as of December 31, 2012 of  906,500 related to certain outstanding stock options, were not included in the computation of diluted earnings per share because the effect would have been anti-dilutive, as the option exercise prices exceeded the average market price of the Company’s common stock. The effect of these shares, if any, on the diluted earnings per share calculation may vary significantly depending on fluctuations in the stock price.