Dilutive Effect on Earnings Per Share |
The following table illustrates the dilutive effect of such items on earnings per share for the three and nine months ended September 30, 2015 and 2014:
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Three Months Ended September 30, 2015
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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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50,456
|
|
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$
|
27,103
|
|
|
|
|
|
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$
|
(598
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)
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$
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26,505
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Effect of participating securities:
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|
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|
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|
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Non-vested restricted stock
and restricted stock units
|
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|
|
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(13
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)
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|
|
|
|
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-
|
|
|
|
|
|
|
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(13
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)
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Basic earnings (loss) and shares
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50,456
|
|
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$
|
27,090
|
|
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$
|
0.54
|
|
|
$
|
(598
|
)
|
|
$
|
(0.01
|
)
|
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$
|
26,492
|
|
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$
|
0.53
|
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Effect of dilutive securities:
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Stock compensation plans
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313
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Diluted earnings (loss) and shares
|
|
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50,769
|
|
|
$
|
27,090
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|
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$
|
0.53
|
|
|
$
|
(598
|
)
|
|
$
|
(0.01
|
)
|
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$
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26,492
|
|
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$
|
0.52
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Three Months Ended September 30, 2014
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Income (Loss)
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Income (Loss)
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|
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From Continuing
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From Discontinued
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Net
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|
|
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|
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Operations
|
|
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Operations
|
|
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Income (Loss)
|
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|
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Weighted
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|
|
|
|
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Per
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|
|
|
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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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|
|
|
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|
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Earnings (loss) and shares
|
|
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52,070
|
|
|
$
|
24,557
|
|
|
|
|
|
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$
|
155
|
|
|
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|
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$
|
24,712
|
|
|
|
|
|
Effect of participating securities:
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|
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|
|
|
|
|
|
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|
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Non-vested restricted stock
and restricted stock units
|
|
|
|
|
|
|
(79
|
)
|
|
|
|
|
|
|
-
|
|
|
|
|
|
|
|
(79
|
)
|
|
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|
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Basic earnings (loss) and shares
|
|
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52,070
|
|
|
$
|
24,478
|
|
|
$
|
0.47
|
|
|
$
|
155
|
|
|
$
|
-
|
|
|
$
|
24,633
|
|
|
$
|
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
|
|
|
$
|
24,478
|
|
|
$
|
0.47
|
|
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$
|
155
|
|
|
$
|
-
|
|
|
$
|
24,633
|
|
|
$
|
0.47
|
|
|
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Nine Months Ended September 30, 2015
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Income (Loss)
|
|
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Income (Loss)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
From Continuing
|
|
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From Discontinued
|
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|
|
|
|
|
|
|
|
|
|
|
|
|
Operations
|
|
|
Operations
|
|
|
Net Income (Loss)
|
|
|
|
Weighted
|
|
|
|
|
|
|
Per
|
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|
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|
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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
|
|
|
Amount
|
|
|
Amount
|
|
|
Amount
|
|
|
Amount
|
|
|
Amount
|
|
|
|
(In thousands, except per share amounts)
|
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Earnings (loss) and shares
|
|
|
50,697
|
|
|
$
|
56,584
|
|
|
|
|
|
|
$
|
(1,331
|
)
|
|
|
|
|
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$
|
55,253
|
|
|
|
|
|
Effect of participating securities:
|
|
|
|
|
|
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|
|
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|
|
|
|
|
|
|
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|
|
|
|
|
|
|
|
|
Non-vested restricted stock
and restricted stock units
|
|
|
|
|
|
|
(27
|
)
|
|
|
|
|
|
|
-
|
|
|
|
|
|
|
|
(27
|
)
|
|
|
|
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Basic earnings (loss) and shares
|
|
|
50,697
|
|
|
$
|
56,557
|
|
|
$
|
1.12
|
|
|
$
|
(1,331
|
)
|
|
$
|
(0.03
|
)
|
|
$
|
55,226
|
|
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$
|
1.09
|
|
Effect of dilutive securities:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
|
|
|
|
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Stock compensation plans
|
|
|
389
|
|
|
|
|
|
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|
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|
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Diluted earnings (loss) and shares
|
|
|
51,086
|
|
|
$
|
56,557
|
|
|
$
|
1.11
|
|
|
$
|
(1,331
|
)
|
|
$
|
(0.03
|
)
|
|
$
|
55,226
|
|
|
$
|
1.08
|
|
|
|
Nine Months Ended September 30, 2014
|
|
|
|
|
|
|
|
Income (Loss)
|
|
|
Income (Loss)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
From Continuing
|
|
|
From Discontinued
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operations
|
|
|
Operations
|
|
|
Net Income (Loss)
|
|
|
|
Weighted
|
|
|
|
|
|
|
Per
|
|
|
|
|
|
|
Per
|
|
|
|
|
|
|
Per
|
|
|
|
Average
|
|
|
|
|
|
|
Share
|
|
|
|
|
|
|
Share
|
|
|
|
|
|
|
Share
|
|
|
|
Shares
|
|
|
Amount
|
|
|
Amount
|
|
|
Amount
|
|
|
Amount
|
|
|
Amount
|
|
|
Amount
|
|
|
|
(In thousands, except per share amounts)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Earnings (loss) and shares
|
|
|
52,333
|
|
|
$
|
71,602
|
|
|
|
|
|
|
$
|
(511
|
)
|
|
|
|
|
|
$
|
71,091
|
|
|
|
|
|
Effect of participating securities:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-vested restricted stock
and restricted stock units
|
|
|
|
|
|
|
(229
|
)
|
|
|
|
|
|
|
-
|
|
|
|
|
|
|
|
(229
|
)
|
|
|
|
|
Basic earnings (loss) and shares
|
|
|
52,333
|
|
|
$
|
71,373
|
|
|
$
|
1.36
|
|
|
$
|
(511
|
)
|
|
$
|
(0.01
|
)
|
|
$
|
70,862
|
|
|
$
|
1.35
|
|
Effect of dilutive securities:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Stock compensation plans
|
|
|
475
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Diluted earnings (loss) and shares
|
|
|
52,808
|
|
|
$
|
71,373
|
|
|
$
|
1.35
|
|
|
$
|
(511
|
)
|
|
$
|
(0.01
|
)
|
|
$
|
70,862
|
|
|
$
|
1.34
|
|
|