XML 42 R29.htm IDEA: XBRL DOCUMENT

Weighted Average Common Shares (Tables)

6 Months Ended

Jun. 30, 2020

Summary of Weighted Average Numbers of Common Shares Used to Compute Basic and Diluted Net Income Per Share

The weighted average number of common shares used to compute basic and diluted net income per share for the quarters and years to ended June 30, 2020 and 2019 were as follows (shares in thousands):

	For the Quarter Ended June 30,				For the Year to Date Ended June 30,
	2020		2019 ⁽¹⁾		2020		2019
Basic common shares outstanding		69,094		70,105		69,467		69,972
Common stock equivalents		1,806		-		1,883		1,810
Diluted common shares outstanding		70,900		70,105		71,350		71,782

______________

(1)

Due to the fact that we reported a loss from continuing operations for the quarter ended June 30, 2019, potential common stock equivalents are excluded from diluted common shares outstanding. Per FASB ASC Topic 260 – Earnings Per Share, an entity that reports discontinued operations shall use income or loss from continuing operations as the benchmark for calculating diluted common shares outstanding, and as such, we have zero common stock equivalents since these shares would have an anti-dilutive effect on our net loss per share for the quarter ended June 30, 2019.