| Earnings per share (EPS) |
| 3. |
Earnings per share
(EPS) |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Three Months Ended September 30,
2013 |
|
| |
|
Income
(Numerator) |
|
|
Shares
(Denominator) |
|
|
Per-Share
Amount |
|
|
Basic EPS
|
|
$ |
7,970,000 |
|
|
|
119,990,196 |
|
|
$ |
0.07 |
|
|
Effect of dilutive securities:
|
|
|
|
|
|
|
|
|
|
Restricted stock
|
|
|
— |
|
|
|
1,684,395 |
|
|
|
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Diluted EPS
|
|
$ |
7,970,000 |
|
|
|
121,674,591 |
|
|
$ |
0.07 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Nine Months Ended September 30,
2013 |
|
| |
|
Income
(Numerator) |
|
|
Shares
(Denominator) |
|
|
Per-Share
Amount |
|
|
Basic EPS
|
|
$ |
16,843,000 |
|
|
|
119,443,260 |
|
|
$ |
0.14 |
|
|
Effect of dilutive securities:
|
|
|
|
|
|
|
|
|
|
Restricted stock
|
|
|
— |
|
|
|
2,250,521 |
|
|
|
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Diluted EPS
|
|
$ |
16,843,000 |
|
|
|
121,693,781 |
|
|
$ |
0.14 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Three Months Ended September 30,
2012 |
|
| |
|
Income
(Numerator) |
|
|
Shares
(Denominator) |
|
|
Per-Share
Amount |
|
|
Basic EPS
|
|
$ |
10,936,000 |
|
|
|
118,109,214 |
|
|
$ |
0.09 |
|
|
Effect of dilutive securities:
|
|
|
|
|
|
|
|
|
|
Restricted stock
|
|
|
— |
|
|
|
1,091,805 |
|
|
|
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Diluted EPS
|
|
$ |
10,936,000 |
|
|
|
119,201,019 |
|
|
$ |
0.09 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Nine Months Ended September 30,
2012 |
|
| |
|
Income
(Numerator) |
|
|
Shares
(Denominator) |
|
|
Per-Share
Amount |
|
|
Basic EPS
|
|
$ |
57,411,000 |
|
|
|
117,458,365 |
|
|
$ |
0.49 |
|
|
Effect of dilutive securities:
|
|
|
|
|
|
|
|
|
|
Restricted stock
|
|
|
— |
|
|
|
1,351,830 |
|
|
|
(0.01 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Diluted EPS
|
|
$ |
57,411,000 |
|
|
|
118,810,195 |
|
|
$ |
0.48 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Note 10 — Reconciliation of Income and Number of
Shares Used to Calculate Basic and Diluted Earnings per Share
(EPS)
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
For the Year Ended December 31,
2012 |
|
| |
|
Income
(Numerator) |
|
|
Shares
(Denominator) |
|
|
Per-Share
Amount |
|
|
Basic EPS
|
|
$ |
37,313,000 |
|
|
|
117,721,135 |
|
|
$ |
0.32 |
|
|
Effect of dilutive securities:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Stock options and restricted stock
|
|
|
|
|
|
|
1,372,455 |
|
|
$ |
(0.01 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Diluted EPS
|
|
$ |
37,313,000 |
|
|
|
119,093,590 |
|
|
$ |
0.31 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
For the Year Ended December 31,
2011 |
|
| |
|
Income
(Numerator) |
|
|
Shares
(Denominator) |
|
|
Per-Share
Amount |
|
|
Basic EPS
|
|
$ |
(50,451,000 |
) |
|
|
116,081,590 |
|
|
$ |
(0.43 |
) |
|
Effect of dilutive securities:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Stock options and restricted stock
|
|
|
|
|
|
|
— |
|
|
$ |
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Diluted EPS:
|
|
$ |
(50,451,000 |
) |
|
|
116,081,590 |
|
|
$ |
(0.43 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
For the Year Ended December 31,
2010 |
|
| |
|
Income
(Numerator) |
|
|
Shares
(Denominator) |
|
|
Per-Share
Amount |
|
|
Basic EPS
|
|
$ |
(14,461,000 |
) |
|
|
114,258,965 |
|
|
$ |
(0.13 |
) |
|
Effect of dilutive securities:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Stock options and restricted stock
|
|
|
|
|
|
|
— |
|
|
$ |
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Diluted EPS:
|
|
$ |
(14,461,000 |
) |
|
|
114,258,965 |
|
|
$ |
(0.13 |
) |
For the year ended December 31, 2012, weighted-average shares
outstanding used in our computation of diluted EPS includes the
dilutive effect of potential common shares. For the years ended
December 31, 2011, and 2010, all potential common shares have
been excluded from the calculation of weighted-average shares
outstanding used in our computation of diluted EPS as the company
incurred a loss for each year, and therefore, inclusion of
potential common shares in the calculation of diluted EPS would be
anti-dilutive.
|