Earnings per Common Share

12 Months Ended

Dec. 31, 2014

Note 10 – Earnings per Common Share

Basic earnings per share is based on the weighted average number of shares outstanding and excludes the dilutive effect of unexercised common stock equivalents. Diluted earnings per share is based on the weighted average number of shares outstanding and includes the dilutive effect of unexercised common stock equivalents to the extent they are not anti-dilutive. A reconciliation of the shares included in the basic and fully diluted earnings per share calculations is as follows:


	For the years ended December 31,
	2014		2013		2012
Net income-continuing operations	$	32,611	$	10,967	$	16,229
Net income (loss)-discontinued operations		873		180		(630	)

Net income	$	33,484	$	11,147	$	15,599

Weighted average common shares outstanding
Basic		39,337		38,873		38,068
Incremental shares with dilutive effect:
Stock options		0		152		422
Restricted stock awards		162		133		187

Diluted		39,499		39,158		38,677

Basic income (loss) per share
Continuing Operations	$	0.83	$	0.28	$	0.43
Discontinued Operations		0.02		0.00		(0.02	)

Total Net income per share	$	0.85	$	0.28	$	0.41

Diluted income (loss) per share
Continuing Operations	$	0.83	$	0.28	$	0.42
Discontinued Operations		0.02		0.00		(0.02	)

Total Net income per share	$	0.85	$	0.28	$	0.40

- Definition

The entire disclosure for earnings per share.

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