F-14
and 2011, the Company’s share price was less than the warrant exercise price of $12.74, therefore no value was assigned to the
warrants in the table below because the effect of their inclusion would have been anti-dilutive.
These potentially dilutive securities consist of stock options, and restricted stock, discussed in Notes 1 and 18, using the
treasury-stock method and from convertible notes as discussed in Note 12, using the “if converted” method.
Our two classes of common stock (Class A and B) share equally in dividends declared or accumulated and have equal
participation rights in undistributed earnings. Additionally our unvested restricted stock does not contain non-forfeitable rights to
dividends and dividend equivalents. As such, unvested shares of restricted stock are not participating securities and our basic and
diluted earnings per share are not impacted by the two class method of computing earnings per share.
The following table summarizes the computations of basic and diluted earnings per share for the years ended December 31:
2013
2012
2011
Numerator:
Net income (loss), basic and diluted .................................................... $ (58,597) $ (97,988) $
7,004
Denominator:
Total basic weighted-average common shares outstanding .................
58,611
57,889
56,722
Net effect of dilutive stock options based on treasury stock method ...
—
—
1,859
Adjusted weighted average diluted shares ...........................................
58,611
57,889
58,581
Net income (loss) per share — basic ................................................... $
(1.00) $
(1.69) $
0.12
Net income (loss) per share — diluted................................................. $
(1.00) $
(1.69) $
0.12
4. Supplemental Disclosure of Cash Flow Information
Property and equipment acquired under capital leases totaled $6,022, $4,930, and $5,276 during the years ended December 31,
2013, 2012, and 2011, respectively.
Interest paid totaled $8,105, $6,366, and $6,675 during the years ended December 31, 2013, 2012, and 2011, respectively.
Income taxes and estimated state income taxes refunded during the year ended December 31, 2013 totaled $497. Income taxes
and estimated state taxes paid during the years ended December 31, 2012 and 2011 totaled $1,248, and $491, respectively.
5. Marketable Securities
The following is a summary of available-for-sale marketable securities at December 31, 2013:
Amortized
Cost Basis
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Estimated
Fair Value
Corporate bonds ......................................................................... $ 18,798 $
41 $
(6) $ 18,833
Mortgage-backed and asset-backed securities............................
1,170
1
—
1,171
Total marketable securities ............................................... $ 19,968 $
42 $
(6) $ 20,004
