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Earnings Per Share (Tables)
 6 Months Ended
Jun. 30, 2019
Earnings Per Share [Abstract]  
Calculation of EPS
The following table sets forth the calculation of EPS for the three and six months ended June 30, 2019 and 2018 (in thousands, except per share amounts):
 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
 
2019
 
2018
 
2019
 
2018
Weighted average basic common shares outstanding
 
17,908

 
20,036

 
17,853

 
20,167

Dilutive effect of stock awards and employee stock purchases, net of assumed repurchase of treasury stock
 
22

 
10

 
25

 
9

Weighted average dilutive common shares
 
17,930

 
20,046

 
17,878

 
20,176

Basic
 
 
 
 
 
 
 
 
Net income (loss)
 
$
49,225

 
$
56,463

 
$
87,873

 
$
92,277

Less: Earnings (loss) allocated to participating securities
 
1,844

 
1,916

 
3,303

 
3,123

Net income (loss) available to basic common shares
 
$
47,381

 
$
54,547

 
$
84,570

 
$
89,154

Basic earnings (loss) per common share
 
$
2.65

 
$
2.72

 
$
4.74

 
$
4.42

Diluted
 
 
 
 
 
 
 
 
Net income (loss)
 
$
49,225

 
$
56,463

 
$
87,873

 
$
92,277

Less: Earnings (loss) allocated to participating securities
 
1,842

 
1,916

 
3,299

 
3,123

Net income (loss) available to diluted common shares
 
$
47,383

 
$
54,547

 
$
84,574

 
$
89,154

Diluted earnings (loss) per common share
 
$
2.64

 
$
2.72

 
$
4.73

 
$
4.42