XML 33 R29.htm IDEA: XBRL DOCUMENT v2.4.0.8
Net Income (Loss) per Share of Common Stock (Tables)
 6 Months Ended
Jun. 30, 2014
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]
The following table sets forth the computation of basic and diluted earnings (loss) per share:
 
Three months ended June 30,
 
Six months ended June 30,
(dollars in thousands, except earnings per share)
2014
 
2013
 
2014
 
2013
Numerators for earnings per share:
 
 
 
 
 
 
 
Net income (loss) that is available to common shareholders
$
(25,168
)
 
$
12,436

 
$
(28,552
)
 
$
14,425

 
 
 
 
 
 
 
 
Denominator for basic earnings per share:
 
 
 
 
 
 
 
Weighted average shares outstanding
21,672,844

 
21,288,897

 
21,600,125

 
21,202,411

 
 
 
 
 
 
 
 
Denominator for diluted earnings per share:
 
 
 
 
 
 
 
Effect of stock options and restricted stock units
—

 
654,388

 
—

 
504,622

Adjusted weighted average shares and assumed conversions
21,672,844

 
21,943,285

 
21,600,125

 
21,707,033

 
 
 
 
 
 
 
 
Basic earnings (loss) per share
$
(1.16
)
 
$
0.58

 
$
(1.32
)
 
$
0.68

 
 
 
 
 
 
 
 
Diluted earnings (loss) per share
$
(1.16
)
 
$
0.57

 
$
(1.32
)
 
$
0.66

 
 
 
 
 
 
 
 
Shares excluded from diluted earnings (loss) per share due to:
 
 
 
 
 
 
 
Net loss position (excluded from denominator)
490,706

 
—

 
465,577

 
—

Inclusion would have been anti-dilutive (excluded from calculation)
182,850

 
319,288

 
130,165

 
370,936