Dilutive Effect on Earnings Per Share |
The following table illustrates the dilutive effect of such items on earnings per share for the third quarter and nine-month periods ended September 30, 2014 and 2013:
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Third Quarter Ended September 30, 2014
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Income (Loss)
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Income (Loss)
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From Continuing
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From Discontinued
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Net
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Operations
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Operations
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Income (Loss)
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Weighted
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Per
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Per
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Per
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Average
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Share
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Share
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Share
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Shares
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Amount
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Amount
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Amount
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Amount
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Amount
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Amount
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(In thousands, except per share amounts)
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Earnings (loss) and shares
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52,070
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$
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24,557
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$
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155
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$
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24,712
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Effect of participating securities:
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Non-vested restricted stock
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and restricted stock units
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(79
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)
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-
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(79
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)
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Basic earnings (loss) and shares
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52,070
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$
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24,478
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$
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0.47
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$
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155
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$
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-
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$
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24,633
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$
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0.47
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Effect of dilutive securities:
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Stock compensation plans
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483
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Diluted earnings (loss) and shares
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52,553
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$
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24,478
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$
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0.47
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$
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155
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$
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-
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$
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24,633
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$
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0.47
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Third Quarter Ended September 30, 2013
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Income (Loss)
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Income (Loss)
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From Continuing
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From Discontinued
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Net
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Operations
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Operations
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Income (Loss)
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Weighted
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Per
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Per
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Per
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Average
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Share
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Share
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Share
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Shares
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Amount
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Amount
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Amount
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Amount
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Amount
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Amount
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(In thousands, except per share amounts)
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Earnings (loss) and shares
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52,553
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$
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24,702
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$
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(1,375
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)
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$
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23,327
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Effect of participating securities:
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Non-vested restricted stock
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and restricted stock units
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(172
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-
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(172
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Basic earnings (loss) and shares
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52,553
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$
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24,530
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$
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0.47
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$
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(1,375
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$
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(0.03
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$
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23,155
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$
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0.44
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Effect of dilutive securities:
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Stock compensation plans
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365
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Diluted earnings (loss) and shares
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52,918
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$
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24,530
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$
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0.46
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$
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(1,375
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)
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$
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(0.02
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)
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$
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23,155
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$
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0.44
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Nine Months Ended September 30, 2014
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Income (Loss)
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Income (Loss)
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From Continuing
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From Discontinued
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Net
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Operations
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Operations
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Income (Loss)
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Weighted
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Per
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Per
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Per
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Average
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Share
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Share
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Share
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Shares
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Amount
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Amount
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Amount
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Amount
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Amount
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Amount
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(In thousands, except per share amounts)
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Earnings (loss) and shares
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52,333
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$
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71,602
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$
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(511
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)
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$
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71,091
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Effect of participating securities:
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Non-vested restricted stock
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and restricted stock units
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(229
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)
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-
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(229
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)
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Basic earnings (loss) and shares
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52,333
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$
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71,373
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$
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1.36
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$
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(511
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)
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$
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(0.01
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)
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$
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70,862
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$
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1.35
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Effect of dilutive securities:
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Stock compensation plans
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475
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Diluted earnings (loss) and shares
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52,808
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$
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71,373
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$
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1.35
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$
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(511
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)
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$
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(0.01
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)
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$
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70,862
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$
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1.34
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Nine Months Ended September 30, 2013
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Income (Loss)
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Income (Loss)
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From Continuing
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From Discontinued
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Net
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Operations
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Operations
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Income (Loss)
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Weighted
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Per
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Per
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Per
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Average
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Share
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Share
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Share
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Shares
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Amount
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Amount
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Amount
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Amount
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Amount
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Amount
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(In thousands, except per share amounts)
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Earnings (loss) and shares
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52,578
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$
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55,117
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$
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(1,582
|
)
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$
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53,535
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Effect of participating securities:
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Non-vested restricted stock
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|
|
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|
|
|
|
|
|
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and restricted stock units
|
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|
|
|
|
|
(393
|
)
|
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|
|
|
|
-
|
|
|
|
|
|
|
|
(393
|
)
|
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|
|
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Basic earnings (loss) and shares
|
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52,578
|
|
|
$
|
54,724
|
|
|
$
|
1.04
|
|
|
$
|
(1,582
|
)
|
|
$
|
(0.03
|
)
|
|
$
|
53,142
|
|
|
$
|
1.01
|
|
|
|
Effect of dilutive securities:
|
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Stock compensation plans
|
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|
352
|
|
|
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|
|
|
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Diluted earnings (loss) and shares
|
|
|
52,930
|
|
|
$
|
54,724
|
|
|
$
|
1.03
|
|
|
$
|
(1,582
|
)
|
|
$
|
(0.03
|
)
|
|
$
|
53,142
|
|
|
$
|
1.00
|
|
|
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