Quarterly report pursuant to Section 13 or 15(d)

Earnings per share (EPS)

v2.4.0.8
Earnings per share (EPS)
 3 Months Ended
Mar. 31, 2014
Earnings Per Share [Abstract]  
Earnings per share (EPS)
Earnings per share (EPS)
 
 
Three Months Ended March 31, 2014
 
Income
(Numerator)
 
Shares
(Denominator)
 
Per-Share
Amount
Basic EPS
$
(12,549,000
)
 
120,368,650

 
$
(0.10
)
Effect of dilutive securities:
 
 
 
 
 
Restricted stock
—

 
—

 
—

Diluted EPS
$
(12,549,000
)
 
120,368,650

 
$
(0.10
)
 
 
 
 
 
 
 
Three Months Ended March 31, 2013
 
Income
(Numerator)
 
Shares
(Denominator)
 
Per-Share
Amount
Basic EPS
$
592,000

 
118,867,678

 
$
0.00

Effect of dilutive securities:
 
 
 
 
 
Restricted stock
—

 
1,204,896

 
—

Diluted EPS
$
592,000

 
120,072,574

 
$
0.00

 
 
 
 
 
 


For the three months ended March 31, 2014 all common shares potentially issuable in connection with outstanding restricted stock unit awards have been excluded from the calculation of diluted EPS as the company incurred a loss during the quarter, and therefore, inclusion of such potential common shares in the calculation of diluted EPS would be anti-dilutive.