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Earnings Per Share | 12 Months Ended
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Dec. 31, 2016
Earnings Per Share [Abstract] |
Earnings Per Share | EARNINGS PER SHARE Share-based awards that contain non-forfeitable rights to dividends or dividend equivalents, whether paid or unpaid, are participating securities and included in the computation of both basic and diluted earnings per share. Our grants of restricted stock awards to our employees and directors are considered participating securities and we have prepared our earnings per share calculations to exclude outstanding unvested restricted stock awards, using the two-class method, in the basic and diluted weighted average shares outstanding calculation. The following table sets forth the computation of the basic and diluted earnings per share for the years ended December 31, 2014, 2015 and 2016:
| Year Ended December 31,
| 2014 |  | 2015 |  | 2016
| (in thousands, except per share data)
Numerator for basic earnings per share: |  |  |  |  |
Numerator from continuing operations |  |  |  |  |
Income from continuing operations | $ | 15,446 |  |  | $ | 20,853 |  |  | $ | 19,581 |
Less: Earnings allocated to unvested restricted stock | (295 | ) |  | (257 | ) |  | (89 | )
Income attributable to continuing operations | $ | 15,151 |  |  | $ | 20,596 |  |  | $ | 19,492 |
Numerator from discontinued operations |  |  |  |  |
Income from discontinued operations | $ | 392 |  |  | $ | — |  |  | $ | — |
Less: Earnings allocated to unvested restricted stock | (8 | ) |  | — |  |  | — |
Income attributable to discontinued operations | $ | 384 |  |  | $ | — |  |  | $ | — |
Numerator for diluted earnings per share: |  |  |  |  |
Income attributable to continuing operations | $ | 15,151 |  |  | $ | 20,596 |  |  | $ | 19,492 |
Income attributable to discontinuing operations | $ | 384 |  |  | $ | — |  |  | $ | — |
Denominator |  |  |  |  |
Denominator for basic earnings per common share - weighted average shares outstanding | 18,108 |  |  | 17,791 |  |  | 16,515 |
Effect of dilutive securities: |  |  |  |  |
Stock options | 149 |  |  | 246 |  |  | 454 |
Convertible subordinated notes | — |  |  | 276 |  |  | 491 |
Denominator for diluted earnings per common share - weighted average shares outstanding | 18,257 |  |  | 18,313 |  |  | 17,460 |
Basic earnings per common share: |  |  |  |  |
Continuing operations | $ | 0.84 |  |  | $ | 1.16 |  |  | $ | 1.18 |
Discontinued operations | 0.02 |  |  | — |  |  | — |
Basic earnings per common share | $ | 0.86 |  |  | $ | 1.16 |  |  | $ | 1.18 |
Diluted earnings per common share: |  |  |  |  |
Continuing operations | $ | 0.83 |  |  | $ | 1.12 |  |  | $ | 1.12 |
Discontinued operations | 0.02 |  |  | — |  |  | — |
Diluted earnings per common share | $ | 0.85 |  |  | $ | 1.12 |  |  | $ | 1.12 |
The fully diluted weighted average shares outstanding for the years ended December 31, 2015 and 2016, and the corresponding calculation of fully diluted earnings per share, included approximately 0.3 million and 0.5 million shares that would have been issued upon the conversion of our convertible subordinated notes as a result of the application of the if-converted method prescribed by the FASB ASC 260. There were no shares that would have been issued upon conversion under the if-converted method for our convertible subordinated notes for the year ended December 31, 2014. There were no options excluded in the computation of diluted earnings per share for the years ended December 31, 2014, 2015 and 2016.

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