Calculation of basic earnings per share of common stock:
Net (loss) income available to common stockholders
$
(61
)
$
709
$
6
$
1,482
Denominator for basic weighted average shares of common stock (in thousands)
10,945
10,936
10,945
9,998
Basic (loss) earnings per share of common stock
$
(0.01
)
$
0.07
$
0.00
$
0.15
Calculation of diluted earnings per share of common stock:
Net (loss) income available to common stockholders
$
(61
)
$
709
$
6
$
1,482
Add: Income impact of assumed conversion of senior common stock
—
16
71
46
Net (loss) income available to common stockholders plus assumed conversions
$
(61
)
$
725
$
77
$
1,528
Denominator for basic weighted average shares of common stock (in thousands)
10,945
10,936
10,945
9,998
Effect of convertible senior common stock (in thousands)
—
(1)
52
78
52
Denominator for diluted weighted average shares of common stock (in thousands)
10,945
10,988
11,023
10,050
Diluted (loss) earnings per share of common stock
$
(0.01
)
$
0.07
$
0.01
$
0.15
(1)
The convertible
senior common stock was excluded from the calculation of diluted earnings per share for the three months ended September 30, 2012 because it was anti-dilutive.