EARNINGS PER SHARE

9 Months Ended

Sep. 30, 2013

2. EARNINGS PER SHARE

The computations of basic and diluted earnings per share for the Company are as follows (in thousands, except per share data):


	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2013			2012			2013			2012
Earnings attributable to common shareholders:
From continuing operations	$	4,659		$	4,622		$	13,589		$	13,982
From discontinued operations		(4,432	)		(59	)		(4,727	)		(92	)

	$	227		$	4,563		$	8,862		$	13,890

Basic earnings per share attributable to common shareholders:
From continuing operations	$	0.38		$	0.39		$	1.13		$	1.19
From discontinued operations		(0.36	)		0.00			(0.39	)		(0.01	)

Basic	$	0.02		$	0.39		$	0.74		$	1.18

Diluted earnings per share attributable to common shareholders:
From continuing operations	$	0.38		$	0.38		$	1.12		$	1.18
From discontinued operations		(0.36	)		0.00			(0.39	)		(0.01	)

Diluted	$	0.02		$	0.38		$	0.73		$	1.17

Shares used in computation:
Basic earnings per share—weighted-average shares		12,106			11,827			12,050			11,778
Effect of dilutive securities—Stock options		14			101			19			114

Denominator for diluted earnings per share—adjusted weighted-average shares		12,120			11,928			12,069			11,892

All options to purchase shares were included in the diluted earnings per share calculation for the three and nine months ended September 30, 2013 and 2012 as the average market prices of the common stock was above the exercise prices. The Company’s restricted stock issued is included in basic and diluted shares for the earnings per share computation from the date of grant.

- Definition

The entire disclosure for earnings per share.

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