Common Stock and Earnings per Share

6 Months Ended

Jun. 30, 2015

Note 9 – Common Stock and Earnings per Share

In connection with the 2009 Equity Incentive Plan, during the six months ended June 30, 2015, we issued 132 total shares of restricted common stock, 15 shares for awards granted in the first quarter of 2015 and 117 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 and six months ended June 30, 2015 and 2014 follow:


	Three months ended						Six months ended
	June 30,						June 30,
	2015			2014			2015			2014
Net income from continuing operations	$	13,866		$	6,893		$	27,523		$	10,419
Income (loss) from discontinued operations		(14	)		(7	)		(37	)		(22	)

Net income	$	13,852		$	6,886		$	27,486		$	10,397

Net income per share:
Basic income (loss) per share
Continuing	$	0.35		$	0.18		$	0.69		$	0.26
Discontinued		(0.00	)		(0.00	)		(0.00	)		(0.00	)

Total	$	0.35		$	0.18		$	0.69		$	0.26

Diluted income (loss) per share
Continuing	$	0.35		$	0.17		$	0.69		$	0.26
Discontinued		(0.00	)		(0.00	)		(0.00	)		(0.00	)

Total	$	0.35		$	0.17		$	0.69		$	0.26

Weighted average common shares outstanding:
Basic		39,580			39,358			39,554			39,315

Diluted		39,738			39,471			39,699			39,430