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EARNINGS PER SHARE
 6 Months Ended
Jun. 30, 2014
Earnings Per Share [Abstract]  
EARNINGS PER SHARE
EARNINGS PER SHARE
Basic and Diluted Earnings Per Share
Basic earnings per share is computed by dividing net income available to common shareholders by the weighted-average number of common shares outstanding during the period. The weighted-average number of common shares outstanding does not include any potentially dilutive securities or any unvested restricted shares of common stock. These unvested restricted shares, although classified as issued and outstanding at June 30, 2014 and 2013, are considered contingently returnable until the restrictions lapse and will not be included in the basic earnings per share calculation until the shares are vested. Unvested shares of our restricted stock do not contain nonforfeitable rights to dividends and dividend equivalents.
Diluted earnings per share includes the effect of all potentially dilutive securities on earnings per share. Our unvested restricted shares, restricted stock units and stock options are potentially dilutive securities. The difference between basic and diluted weighted-average shares outstanding was the dilutive effect of unvested restricted shares, restricted stock units and stock options for the three and six months ended June 30, 2014 and 2013.
The following table represents a reconciliation of the basic and diluted earnings per share from continuing operations, or EPS, computations contained in our condensed consolidated financial statements (in thousands, except per share data):
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2014
 
2013
 
2014
 
2013
Net income from continuing operations
$
6,133

 
$
8,108

 
$
11,403

 
$
15,289

Weighted-average shares outstanding - basic and diluted:
 
 
 
 
 
 
 
Weighted-average shares outstanding - basic
45,859

 
46,204

 
46,121

 
46,146

Add effect of dilutive securities:
 
 
 
 
 
 
 
Unvested restricted stock
673

 
506

 
646

 
467

Stock options
18

 
10

 
17

 
5

Weighted-average shares outstanding - diluted
46,550

 
46,720

 
46,784

 
46,618

Basic net income per share from continuing operations
$
0.13

 
$
0.18

 
$
0.25

 
$
0.33

Diluted net income per share from continuing operations
$
0.13

 
$
0.17

 
$
0.24

 
$
0.33



The weighted-average diluted common shares outstanding for the three and six months ended June 30, 2014 excludes the effect of 1,352 and 13,965 restricted stock and out-of-the-money options, respectively, because their effect would be anti-dilutive. The weighted-average diluted common shares outstanding for the three and six months ended June 30, 2013 excludes the effect of 890 and 45,361 restricted stock and out-of-the-money options, respectively, because their effect would be anti-dilutive.