Quarterly report pursuant to Section 13 or 15(d)

Earnings per Share (Tables)

v2.4.1.9
Earnings per Share (Tables)
3 Months Ended
Mar. 31, 2015
Earnings Per Share [Abstract]  
Earnings per Share

Common stock equivalents of 105,796 and 386,975 for the three months ended March 31, 2015 and 2014, respectively, were excluded from the calculation of diluted net income per common share as the effect would have been anti-dilutive.

 

 

 

For the Three Months Ended March 31,

 

 

 

2015

 

 

2014

 

Numerator:

 

 

 

 

 

 

 

 

Net income available to common stockholders for basic and diluted net income per

   common share

 

$

105,692

 

 

$

93,988

 

Denominator:

 

 

 

 

 

 

 

 

Weighted average common shares outstanding for basic net income per common share (a)

 

 

5,570,748

 

 

 

6,094,784

 

Weighted average impact of dilutive equity instruments

 

 

69,090

 

 

 

79,064

 

Weighted average shares for diluted net income per common share

 

 

5,639,838

 

 

 

6,173,848

 

Net income per common share:

 

 

 

 

 

 

 

 

Basic

 

$

0.02

 

 

$

0.02

 

Diluted

 

$

0.02

 

 

$

0.02

 

(a)

During the three months ended March 31, 2014, 272,856 shares of common stock were reserved for conversion in connection with the 7% Exchangeable Senior Subordinated Notes due 2014 (the “Exchangeable Notes”) and were considered to be anti-dilutive in our calculation of diluted net income per share.  The Exchangeable Notes were fully converted into shares of our common stock as of December 1, 2014.