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Common Stock and Earnings per Share
 3 Months Ended
Mar. 31, 2015
Earnings Per Share [Abstract]  
Common Stock and Earnings per Share

Note 9 – Common Stock and Earnings per Share

In connection with the 2009 Equity Incentive Plan, during the three months ended March 31, 2015, we issued 115 total shares of restricted common stock, 15 shares for awards granted in the first quarter of 2015 and 100 performance shares related to awards provisioned in prior years.

 

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. The details of the earnings per share calculations for the three months ended March 31, 2015 and 2014 follow:

 

     Three months  
     ended March 31,  
     2015      2014  

Net income - continuing operations

    $ 13,657       $ 3,526   

Net income (loss) - discontinued operations

      (23 )       (16 ) 
  

 

 

     

 

 

  

Net income

 $ 13,634    $ 3,510   
  

 

 

     

 

 

  

Weighted average common shares outstanding

Basic

   39,527      39,272   

Incremental shares with dilutive effect:

Restricted stock awards

   133      117   
  

 

 

     

 

 

  

Diluted

   39,660      39,389   
  

 

 

     

 

 

  

Basic income (loss) per share

Continuing operations

 $ 0.34    $ 0.09   

Discontinued operations

 $ (0.00 )  $ (0.00 ) 
  

 

 

     

 

 

  

Total net income per share

 $ 0.34    $ 0.09   
  

 

 

     

 

 

  

Diluted income (loss) per share

Continuing operations

 $ 0.34    $ 0.09   

Discontinued operations

 $ (0.00 )  $ (0.00 ) 
  

 

 

     

 

 

  

Total net income per share

 $ 0.34    $ 0.09