Calculation of basic earnings per share of common stock:
Net (loss) income available to common stockholders
$
(192
)
$
331
$
67
$
772
Denominator for basic weighted average shares of common stock (in thousands)
10,945
9,782
10,945
9,522
Basic (loss) earnings per share of common stock
$
(0.02
)
$
0.04
$
0.01
$
0.08
Calculation of diluted earnings per share of comon stock:
Net (loss) income available to common stockholders
$
(192
)
$
331
$
67
$
772
Add: Income impact of assumed conversion of senior common stock
—
15
41
31
Net (loss) income available to common stockholders plus assumed conversions
$
(192
)
$
346
$
108
$
803
Denominator for basic weighted average shares of common stock (in thousands)
10,945
9,782
10,945
9,522
Effect of convertible senior common stock (in thousands)
—
(1)
52
66
52
Denominator for diluted weighted average shares of common stock (in thousands)
10,945
9,834
11,011
9,574
Diluted (loss) earnings per share of common stock
$
(0.02
)
$
0.04
$
0.01
$
0.08
(1)
The convertible
senior common stock was excluded from the calculation of diluted earnings per share for the three months ended June 30, 2012 because it was anti-dilutive.