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EARNINGS PER SHARE
 9 Months Ended
Sep. 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 September 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 nine months ended September 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 September 30,
 
Nine Months Ended September 30,
 
2014
 
2013
 
2014
 
2013
Net income from continuing operations
$
2,646

 
$
4,845

 
$
14,049

 
$
20,134

Weighted-average shares outstanding - basic and diluted:
 
 
 
 
 
 
 
Weighted-average shares outstanding - basic
45,162

 
46,313

 
45,797

 
46,202

Add effect of dilutive securities:
 
 
 
 
 
 
 
Unvested restricted stock
730

 
504

 
674

 
479

Stock options
6

 
1

 
14

 
4

Weighted-average shares outstanding - diluted
45,898

 
46,818

 
46,485

 
46,685

Basic net income per share from continuing operations
$
0.06

 
$
0.10

 
$
0.31

 
$
0.44

Diluted net income per share from continuing operations
$
0.06

 
$
0.10

 
$
0.30

 
$
0.43



The weighted-average diluted common shares outstanding for the nine months ended September 30, 2014 excludes the effect of 9,310 restricted stock and out-of-the-money options because their effect would be anti-dilutive. The weighted-average diluted common shares outstanding for the three and nine months ended September 30, 2013 excludes the effect of 91,000 and 60,574 restricted stock and out-of-the-money options, respectively, because their effect would be anti-dilutive.