Quarterly report pursuant to Section 13 or 15(d)

Earnings per Share of Common Stock (Tables)

v2.4.0.8
Earnings per Share of Common Stock (Tables)
 9 Months Ended
Sep. 30, 2013
Earnings Per Share [Abstract]  
Schedule of Computation of Basic and Diluted Earnings Per Share of Common Stock

The computation of basic and diluted earnings per share of common stock is as follows (in thousands, except share and per share data):

 

Numerator:

    For the three
months ended
September 30, 2013 		    For the nine
months ended
September 30, 2013 		 

Net income (loss) attributable to common stockholders and participating securities

    $ 1,842      $ (3,129 ) 

Less: Dividends paid on participating securities

      (44 )      (44 ) 

Undistributed earnings attributable to participating securities (1)

      (38 )      —     
  

 

 

    

 

 

  

Net income (loss) attributable to common stockholders

    $ 1,760      $ (3,173 ) 
  

 

 

    

 

 

  

 

Denominator:

    For the three
months ended
September 30, 2013 		     For the nine
months ended
September 30, 2013 		 

Weighted-average number of shares of common stock – basic and diluted

      15,795,118         15,642,629   

Income (loss) per share attributable to common stockholders – basic and diluted

    $ 0.11       $ (0.20 ) 
  

 

 

     

 

 

  

 

(1) Anti-dilutive for the nine months ended September 30, 2013, as the participating securities do not have an obligation to share in the losses of the Company