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Common Stock and Earnings per Share
3 Months Ended
Mar. 31, 2016
Earnings Per Share [Abstract]  
Common Stock and Earnings per Share

Note 10 – Common Stock and Earnings per Share

In connection with the 2009 Equity Incentive Plan, during the three months ended March 31, 2016, we issued 94 total shares of restricted common stock, 24 shares for awards granted in the first quarter of 2016 and 70 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 common stock equivalents. Diluted earnings per share is based on the weighted average number of shares outstanding and includes the dilutive effect of 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, 2016 and 2015 follow:

 

     Three months ended
March 31,
 
     2016      2015  

Net income from continuing operations

     2,199         13,657   

Loss from discontinued operations

     0         (23
  

 

 

    

 

 

 

Net income

   $ 2,199       $ 13,634   
  

 

 

    

 

 

 

Weighted average common shares outstanding:

     

Basic

     39,681         39,527   

Incremental shares with dilutive effect:

     

Restricted stock awards

     74         133   
  

 

 

    

 

 

 

Diluted

     39,755         39,660   
  

 

 

    

 

 

 

Net income per share:

     

Basic income (loss) per share

     

Continuing

   $ 0.06       $ 0.34   

Discontinued

     0.00         (0.00
  

 

 

    

 

 

 

Total

   $ 0.06       $ 0.34   
  

 

 

    

 

 

 

Diluted income (loss) per share

     

Continuing

   $ 0.06       $ 0.34   

Discontinued

     0.00         (0.00
  

 

 

    

 

 

 

Total

   $ 0.06       $ 0.34