Dilutive Effect on Earnings Per Share |
The following tables illustrate the dilutive effect of such items on earnings per share for the three and nine months ended September 30, 2016 and 2015:
|
|
Three Months Ended September 30, 2016
|
|
|
|
|
|
|
|
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
|
|
|
45,118
|
|
|
$
|
18,969
|
|
|
|
|
|
|
$
|
(858
|
)
|
|
|
|
|
|
$
|
18,111
|
|
|
|
|
|
Effect of participating securities:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-vested restricted stock
|
|
|
|
|
|
|
(11
|
)
|
|
|
|
|
|
|
-
|
|
|
|
|
|
|
|
(11
|
)
|
|
|
|
|
Basic earnings (loss) and shares
|
|
|
45,118
|
|
|
$
|
18,958
|
|
|
$
|
0.42
|
|
|
$
|
(858
|
)
|
|
$
|
(0.02
|
)
|
|
$
|
18,100
|
|
|
$
|
0.40
|
|
Effect of dilutive securities:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Stock compensation plans
|
|
|
236
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Diluted earnings (loss) and shares
|
|
|
45,354
|
|
|
$
|
18,958
|
|
|
$
|
0.42
|
|
|
$
|
(858
|
)
|
|
$
|
(0.02
|
)
|
|
$
|
18,100
|
|
|
$
|
0.40
|
|
|
|
Three Months Ended September 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
|
|
|
50,456
|
|
|
$
|
27,103
|
|
|
|
|
|
|
$
|
(598
|
)
|
|
|
|
|
|
$
|
26,505
|
|
|
|
|
|
Effect of participating securities:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-vested restricted stock
|
|
|
|
|
|
|
(13
|
)
|
|
|
|
|
|
|
-
|
|
|
|
|
|
|
|
(13
|
)
|
|
|
|
|
Basic earnings (loss) and shares
|
|
|
50,456
|
|
|
$
|
27,090
|
|
|
$
|
0.54
|
|
|
$
|
(598
|
)
|
|
$
|
(0.01
|
)
|
|
$
|
26,492
|
|
|
$
|
0.53
|
|
Effect of dilutive securities:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Stock compensation plans
|
|
|
313
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Diluted earnings (loss) and shares
|
|
|
50,769
|
|
|
$
|
27,090
|
|
|
$
|
0.53
|
|
|
$
|
(598
|
)
|
|
$
|
(0.01
|
)
|
|
$
|
26,492
|
|
|
$
|
0.52
|
|
|
|
Nine Months Ended September 30, 2016
|
|
|
|
|
|
|
|
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
|
|
|
45,930
|
|
|
$
|
56,475
|
|
|
|
|
|
|
$
|
(918
|
)
|
|
|
|
|
|
$
|
55,557
|
|
|
|
|
|
Effect of participating securities:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-vested restricted stock
|
|
|
|
|
|
|
(31
|
)
|
|
|
|
|
|
|
-
|
|
|
|
|
|
|
|
(31
|
)
|
|
|
|
|
Basic earnings (loss) and shares
|
|
|
45,930
|
|
|
$
|
56,444
|
|
|
$
|
1.23
|
|
|
$
|
(918
|
)
|
|
$
|
(0.02
|
)
|
|
$
|
55,526
|
|
|
$
|
1.21
|
|
Effect of dilutive securities:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Stock compensation plans
|
|
|
200
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Diluted earnings (loss) and shares
|
|
|
46,130
|
|
|
$
|
56,444
|
|
|
$
|
1.22
|
|
|
$
|
(918
|
)
|
|
$
|
(0.02
|
)
|
|
$
|
55,526
|
|
|
$
|
1.20
|
|
|
|
Nine Months Ended September 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
|
|
|
50,697
|
|
|
$
|
56,584
|
|
|
|
|
|
|
$
|
(1,331
|
)
|
|
|
|
|
|
$
|
55,253
|
|
|
|
|
|
Effect of participating securities:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-vested restricted stock
|
|
|
|
|
|
|
(27
|
)
|
|
|
|
|
|
|
-
|
|
|
|
|
|
|
|
(27
|
)
|
|
|
|
|
Basic earnings (loss) and shares
|
|
|
50,697
|
|
|
$
|
56,557
|
|
|
$
|
1.12
|
|
|
$
|
(1,331
|
)
|
|
$
|
(0.03
|
)
|
|
$
|
55,226
|
|
|
$
|
1.09
|
|
Effect of dilutive securities:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Stock compensation plans
|
|
|
389
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Diluted earnings (loss) and shares
|
|
|
51,086
|
|
|
$
|
56,557
|
|
|
$
|
1.11
|
|
|
$
|
(1,331
|
)
|
|
$
|
(0.03
|
)
|
|
$
|
55,226
|
|
|
$
|
1.08
|
|
|