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Common Stock and Earnings per Share
6 Months Ended
Jun. 30, 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 six months ended June 30, 2016, we issued 90 total shares of restricted common stock, 30 shares for awards granted in the first six months of 2016 and 60 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 and six months ended June 30, 2016 and 2015 follow:

 

     Three months      Six months  
     ended June 30,      ended June 30,  
     2016      2015      2016      2015  

Net income - continuing operations

   $ 2,826       $ 13,866       $ 5,025       $ 27,523   

Net income (loss) - discontinued operations

     (1      (14      (1      (37
  

 

 

    

 

 

    

 

 

    

 

 

 

Net income

   $ 2,825       $ 13,852       $ 5,024       $ 27,486   
  

 

 

    

 

 

    

 

 

    

 

 

 

Weighted average common shares outstanding

           

Basic

     39,710         39,580         39,695         39,554   

Incremental shares with dilutive effect:

           

Restricted stock awards

     59         158         67         145   
  

 

 

    

 

 

    

 

 

    

 

 

 

Diluted

     39,769         39,738         39,762         39,699   
  

 

 

    

 

 

    

 

 

    

 

 

 

Basic income (loss) per share

           

Continuing operations

   $ 0.07       $ 0.35       $ 0.13       $ 0.69   

Discontinued operations

     (0.00      (0.00      (0.00      (0.00
  

 

 

    

 

 

    

 

 

    

 

 

 

Total net income per share

   $ 0.07       $ 0.35       $ 0.13       $ 0.69   
  

 

 

    

 

 

    

 

 

    

 

 

 

Diluted income (loss) per share

           

Continuing operations

   $ 0.07       $ 0.35       $ 0.13       $ 0.69   

Discontinued operations

     (0.00      (0.00      (0.00      (0.00
  

 

 

    

 

 

    

 

 

    

 

 

 

Total net income per share

   $ 0.07       $ 0.35       $ 0.13       $ 0.69