XML 64 R48.htm IDEA: XBRL DOCUMENT v3.3.1.900
Earnings Per Share Earnings Per Share (Tables)
12 Months Ended
Dec. 31, 2015
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted
The following table sets forth the computation of the basic and diluted earnings per share for the years ended December 31, 2013, 2014 and 2015: 
 
Year Ended December 31,
 
2013
 
2014
 
2015
 
(in thousands, except per share data)
Numerator for basic earnings per share:
 
 
 
 
 
Numerator from continuing operations
 
 
 
 
 
Income from continuing operations
$
15,120

 
$
15,446

 
$
20,853

Less: Earnings allocated to unvested restricted stock
(314
)
 
(295
)
 
(257
)
Income attributable to continuing operations
$
14,806

 
$
15,151

 
$
20,596

 
 
 
 
 
 
Numerator from discontinued operations
 
 
 
 
 
Income from discontinued operations
$
4,176

 
$
392

 
$

Less: Earnings allocated to unvested restricted stock
(85
)
 
(8
)
 

Income attributable to discontinued operations
$
4,091

 
$
384

 
$

 
 
 
 
 
 
Numerator for diluted earnings per share:
 
 
 
 
 
Adjustment for diluted earnings per share:
 
 
 
 
 
Interest on convertible junior subordinated debentures, net of tax
$
3,454

 
$

 
$


$
3,454

 
$

 
$

 
 
 
 
 
 
Income attributable to continuing operations
$
18,260

 
$
15,151

 
$
20,596

Income attributable to discontinuing operations
$
4,091

 
$
384

 
$

 
 
 
 
 
 
Denominator
 
 
 
 
 
Denominator for basic earnings per common share - weighted average shares outstanding
17,826

 
18,108

 
17,791

Effect of dilutive securities:
 
 
 
 
 
Stock options
175

 
149

 
246

Convertible junior subordinated debentures
4,392

 

 

Convertible subordinated notes

 

 
276

Denominator for diluted earnings per common share - weighted average shares outstanding
22,393

 
18,257

 
18,313

 
 
 
 
 
 
Basic earnings per common share:
 
 
 
 
 
Continuing operations
$
0.83

 
$
0.84

 
$
1.16

Discontinued operations
0.23

 
0.02

 

Basic earnings per common share
$
1.06

 
$
0.86

 
$
1.16

 
 
 
 
 
 
Diluted earnings per common share:
 
 
 
 
 
Continuing operations
$
0.82

 
$
0.83

 
$
1.12

Discontinued operations
0.18

 
0.02

 

Diluted earnings per common share
$
1.00

 
$
0.85

 
$
1.12