Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share (Tables)

v2.4.0.8
Earnings Per Share (Tables)
 9 Months Ended
Sep. 30, 2013
Schedule of Calculation of Basic and Diluted Earnings Per Common Share

The following table presents the calculation of basic and diluted earnings per common share (in thousands, except per share amounts):

 

 

Three Months Ended
September 30,

 

 

Nine Months Ended
September 30,

 

 

2013

 

 

2012

 

 

2013

 

 

2012

 

Net income (loss)

$

  14,194

 

 

$

(1,471

)

 

$

  63,208

 

 

$

  55,315

 

Less portion allocated to nonvested shares

 

  159

 

 

 

  90

 

 

 

  713

 

 

 

  1,128

 

Net income (loss) allocated to common shares

$

  14,035

 

 

$

(1,561

)

 

$

  62,495

 

 

$

  54,187

 

Weighted average common shares outstanding

 

  75,233

 

 

 

  74,327

 

 

 

  75,221

 

 

 

  74,315

 

Basic and diluted earnings (loss) per common share

$

  0.19

 

 

$

(0.02

)

 

$

  0.83

 

 

$

  0.73

 

Shares excluded due to being anti-dilutive (weighted-average)

 

  851

 

 

 

  1,866

 

 

 

  860

 

 

 

  1,823