• Filing Date: 2014-03-12
  • Form Type: 10-K
  • Description: Annual report
v2.4.0.8
Earnings Per Share (Tables)
12 Months Ended
Dec. 31, 2013
Earnings Per Share [Abstract]  
Summary of Numerator and Denominator of Basic and Fully Diluted Earnings Per Common Share

A summary of the numerator and denominator of the basic and fully diluted earnings per common share is presented below:

 

     Income
(Numerator)
    Shares
(Denominator)
     Per Share
Amount
 

Year Ended December 31, 2013

       

Net income

   $ 65,562        

Less: Preferred stock dividends

     (104     

Less: Income attributable to participating securities

     (3,213     
  

 

 

      

Basic Earnings Per Share:

       

Income allocated to common stockholders

     62,245        10,691       $ 5.82   
       

 

 

 

Effect of Dilutive Securities:

       

Stock options

     —          163      

Convertible preferred stock

     104        178      

Convertible senior notes

     237        90      
  

 

 

   

 

 

    

Diluted Earnings Per Share:

       

Income available to common stockholders and assumed conversions

   $ 62,586        11,122       $ 5.63   
  

 

 

   

 

 

    

 

 

 

Year Ended December 31, 2012

       

Net income

   $ 30,157        

Less: Preferred stock dividends

     (322     

Less: Income attributable to participating securities

     (488     
  

 

 

      

Basic Earnings Per Share:

       

Income available to common stockholders

     29,347        8,497       $ 3.45   
       

 

 

 

Effect of Dilutive Securities:

       

Stock options

     —          220      

Convertible preferred stock

     322        655      

Warrants

     —          441      
  

 

 

   

 

 

    

Diluted Earnings Per Share:

       

Income available to common stockholders and assumed conversions

   $ 29,669        9,813       $ 3.02   
  

 

 

   

 

 

    

 

 

 

Year Ended December 31, 2011

       

Net income

   $ 9,964        

Less: Preferred stock dividends

     (815     
  

 

 

      

Basic Earnings Per Share:

       

Income available to common stockholders

     9,149        6,132       $ 1.49   
       

 

 

 

Effect of Dilutive Securities:

       

Stock options

     —          352      

Convertible preferred stock

     815        961      
  

 

 

   

 

 

    

Diluted Earnings Per Share:

       

Income available to common stockholders and assumed conversions

   $ 9,964        7,445       $ 1.34