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Earnings per Common Share
 12 Months Ended
Dec. 31, 2016
Earnings Per Share [Abstract]  
Earnings per Common Share

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,  
     2016      2015      2014  

Net income-continuing operations

    $ 10,561      $ 42,194      $ 32,611  

Net income (loss) from discontinued operations

      (47 )       (43 )       873  
  

 

 

     

 

 

     

 

 

  

Net income

    $ 10,514      $ 42,151      $ 33,484  
  

 

 

     

 

 

     

 

 

  

Weighted average common shares outstanding:

         

Basic

      39,719        39,568        39,337  

Incremental shares with dilutive effect:

         

Restricted stock awards

      63        168        162  
  

 

 

     

 

 

     

 

 

  

Diluted

      39,782        39,736        39,499  
  

 

 

     

 

 

     

 

 

  

Basic income (loss) per share:

         

Continuing operations

    $ 0.27      $ 1.07      $ 0.83  

Discontinued operations

      (0.00 )       (0.00 )       0.02  
  

 

 

     

 

 

     

 

 

  

Total net income per share

    $ 0.27      $ 1.07      $ 0.85  
  

 

 

     

 

 

     

 

 

  

Diluted income (loss) per share:

         

Continuing operations

    $ 0.27      $ 1.06      $ 0.83  

Discontinued operations

      (0.00 )       (0.00 )       0.02  
  

 

 

     

 

 

     

 

 

  

Total net income per share

    $ 0.27      $ 1.06      $ 0.85