Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v2.4.1.9
Earnings Per Share
 3 Months Ended
Mar. 31, 2015
Accounting Policies [Abstract]  
Earnings Per Share
Earnings Per Share

For purposes of this calculation, stock warrants, outstanding stock options and unvested restricted shares are considered common stock equivalents using the treasury stock method, and are the only such equivalents outstanding. For all periods presented, all equivalent units outstanding were anti-dilutive.

The following table summarizes equivalent units outstanding that were excluded from the earnings per share calculation because their effects were anti-dilutive:
 
 
Three Months Ended March 31,
 
2015
 
2014
Common stock purchase warrants
1,136,078

 
1,781,199

Stock options
1,888,375

 
848,092

Restricted shares of common stock
121,667

 
5,000

 
3,146,120

 
2,634,291