Earnings Per Share

12 Months Ended

Dec. 31, 2013

15. Earnings Per Share

The computations of basic and diluted earnings per share for the years ended December 31, 2013, 2012 and 2011 are as follows (in thousands, except per share data):


	2013			2012			2011
Earnings attributable to common shareholders:
From continuing operations	$	17,492		$	18,212		$	18,812
From discontinued operations		(4,769	)		(279	)		2,162

	$	12,723		$	17,933		$	20,974

Basic earnings per share attributable to common shareholders:
From continuing operations	$	1.45		$	1.54		$	1.60
From discontinued operations		(0.40	)		(0.02	)		0.18

Basic	$	1.05		$	1.52		$	1.78

Diluted earnings per share attributable to common shareholders:
From continuing operations	$	1.45		$	1.53		$	1.57
From discontinued operations		(0.40	)		(0.02	)		0.18

Diluted	$	1.05		$	1.51		$	1.75

Shares used in computation:
Basic earnings per share - weighted-average shares		12,063			11,804			11,814
Effect of dilutive securities - Stock options		19			100			163

Denominator for diluted earnings per share - adjusted weighted-average shares		12,082			11,904			11,977

All options to purchase shares for the year ended December 31, 2013, 2012 and 2011 were included in the diluted earnings per share calculation as the average market price for those years exceeded the options’ exercise price.

- Definition

The entire disclosure for earnings per share.

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