Dilutive Effect on Earnings Per Share |
The following table illustrates the dilutive effect of such items on earnings per share for the three and six months ended June 30, 2016 and 2015:
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Three Months Ended June 30, 2016
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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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45,731
|
|
|
$
|
23,043
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|
|
|
|
|
|
$
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(221
|
)
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|
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$
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22,822
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|
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Effect of participating securities:
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|
|
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|
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Non-vested restricted stock
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|
|
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|
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(13
|
)
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|
|
|
|
-
|
|
|
|
|
|
|
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(13
|
)
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Basic earnings (loss) and shares
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45,731
|
|
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$
|
23,030
|
|
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$
|
0.50
|
|
|
$
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(221
|
)
|
|
$
|
-
|
|
|
$
|
22,809
|
|
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$
|
0.50
|
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Effect of dilutive securities:
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|
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Stock compensation plans
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|
|
193
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Diluted earnings (loss) and shares
|
|
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45,924
|
|
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$
|
23,030
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|
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$
|
0.50
|
|
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$
|
(221
|
)
|
|
$
|
-
|
|
|
$
|
22,809
|
|
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$
|
0.50
|
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Three Months Ended June 30, 2015
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Income (Loss)
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Income (Loss)
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|
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|
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From Continuing
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|
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From Discontinued
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|
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Net
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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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|
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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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|
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Earnings (loss) and shares
|
|
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50,784
|
|
|
$
|
15,092
|
|
|
|
|
|
|
$
|
(311
|
)
|
|
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$
|
14,781
|
|
|
|
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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
|
|
|
|
|
|
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(7
|
)
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|
|
|
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-
|
|
|
|
|
|
|
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(7
|
)
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|
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Basic earnings (loss) and shares
|
|
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50,784
|
|
|
$
|
15,085
|
|
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$
|
0.30
|
|
|
$
|
(311
|
)
|
|
$
|
(0.01
|
)
|
|
$
|
14,774
|
|
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$
|
0.29
|
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Effect of dilutive securities:
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Stock compensation plans
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309
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Diluted earnings (loss) and shares
|
|
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51,093
|
|
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$
|
15,085
|
|
|
$
|
0.30
|
|
|
$
|
(311
|
)
|
|
$
|
(0.01
|
)
|
|
$
|
14,774
|
|
|
$
|
0.29
|
|
|
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Six Months Ended June 30, 2016
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Income (Loss)
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|
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Income (Loss)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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From Continuing
|
|
|
From Discontinued
|
|
|
Net
|
|
|
|
|
|
|
|
Operations
|
|
|
Operations
|
|
|
Income (Loss)
|
|
|
|
Weighted
|
|
|
|
|
|
|
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
|
|
|
Amount
|
|
|
Amount
|
|
|
Amount
|
|
|
Amount
|
|
|
Amount
|
|
|
|
(In thousands, except per share amounts)
|
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|
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|
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|
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Earnings (loss) and shares
|
|
|
46,340
|
|
|
$
|
37,507
|
|
|
|
|
|
|
$
|
(61
|
)
|
|
|
|
|
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$
|
37,446
|
|
|
|
|
|
Effect of participating securities:
|
|
|
|
|
|
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|
|
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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Non-vested restricted stock
|
|
|
|
|
|
|
(21
|
)
|
|
|
|
|
|
|
-
|
|
|
|
|
|
|
|
(21
|
)
|
|
|
|
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Basic earnings (loss) and shares
|
|
|
46,340
|
|
|
$
|
37,486
|
|
|
$
|
0.81
|
|
|
$
|
(61
|
)
|
|
$
|
-
|
|
|
$
|
37,425
|
|
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$
|
0.81
|
|
Effect of dilutive securities:
|
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Stock compensation plans
|
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|
183
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Diluted earnings (loss) and shares
|
|
|
46,523
|
|
|
$
|
37,486
|
|
|
$
|
0.81
|
|
|
$
|
(61
|
)
|
|
$
|
(0.01
|
)
|
|
$
|
37,425
|
|
|
$
|
0.80
|
|
|
|
Six Months Ended June 30, 2015
|
|
|
|
|
|
|
|
Income (Loss)
|
|
|
Income (Loss)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
From Continuing
|
|
|
From Discontinued
|
|
|
Net
|
|
|
|
|
|
|
|
Operations
|
|
|
Operations
|
|
|
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
|
|
|
50,819
|
|
|
$
|
29,481
|
|
|
|
|
|
|
$
|
(732
|
)
|
|
|
|
|
|
$
|
28,749
|
|
|
|
|
|
Effect of participating securities:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-vested restricted stock
|
|
|
|
|
|
|
(14
|
)
|
|
|
|
|
|
|
-
|
|
|
|
|
|
|
|
(14
|
)
|
|
|
|
|
Basic earnings (loss) and shares
|
|
|
50,819
|
|
|
$
|
29,467
|
|
|
$
|
0.58
|
|
|
$
|
(732
|
)
|
|
$
|
(0.01
|
)
|
|
$
|
28,735
|
|
|
$
|
0.57
|
|
Effect of dilutive securities:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Stock compensation plans
|
|
|
428
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Diluted earnings (loss) and shares
|
|
|
51,247
|
|
|
$
|
29,467
|
|
|
$
|
0.57
|
|
|
$
|
(732
|
)
|
|
$
|
(0.01
|
)
|
|
$
|
28,735
|
|
|
$
|
0.56
|
|
|