Dilutive Effect on Earnings Per Share |
The following tables illustrate the dilutive effect of such items on earnings per share for the three and six months ended June 30, 2017 and 2016:
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Three Months Ended June 30, 2017
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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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|
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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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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
|
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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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44,570
|
|
|
$
|
12,314
|
|
|
|
|
|
|
$
|
(182
|
)
|
|
|
|
|
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$
|
12,132
|
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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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(9
|
)
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|
|
|
|
|
-
|
|
|
|
|
|
|
|
(9
|
)
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|
|
|
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Basic earnings (loss) and shares
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|
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44,570
|
|
|
$
|
12,305
|
|
|
$
|
0.28
|
|
|
$
|
(182
|
)
|
|
$
|
(0.01
|
)
|
|
$
|
12,123
|
|
|
$
|
0.27
|
|
Effect of dilutive securities:
|
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|
|
|
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|
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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Stock compensation plans
|
|
|
240
|
|
|
|
|
|
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
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Diluted earnings (loss) and shares
|
|
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44,810
|
|
|
$
|
12,305
|
|
|
$
|
0.27
|
|
|
$
|
(182
|
)
|
|
$
|
-
|
|
|
$
|
12,123
|
|
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$
|
0.27
|
|
|
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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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|
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|
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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
|
|
|
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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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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45,731
|
|
|
$
|
23,043
|
|
|
|
|
|
|
$
|
(221
|
)
|
|
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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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Non-vested restricted stock
|
|
|
|
|
|
|
(13
|
)
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|
|
|
|
|
-
|
|
|
|
|
|
|
|
(13
|
)
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|
|
|
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Basic earnings (loss) and shares
|
|
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45,731
|
|
|
$
|
23,030
|
|
|
$
|
0.50
|
|
|
$
|
(221
|
)
|
|
$
|
-
|
|
|
$
|
22,809
|
|
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$
|
0.50
|
|
Effect of dilutive securities:
|
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Stock compensation plans
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193
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|
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Diluted earnings (loss) and shares
|
|
|
45,924
|
|
|
$
|
23,030
|
|
|
$
|
0.50
|
|
|
$
|
(221
|
)
|
|
$
|
-
|
|
|
$
|
22,809
|
|
|
$
|
0.50
|
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|
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Six Months Ended June 30, 2017
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Income (Loss)
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|
|
Income (Loss)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
From Continuing
|
|
|
From Discontinued
|
|
|
Net
|
|
|
|
|
|
|
|
Operations
|
|
|
Operations
|
|
|
Income (Loss)
|
|
|
|
Weighted
|
|
|
|
|
|
|
Per
|
|
|
|
|
|
|
Per
|
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|
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|
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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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|
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|
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Earnings (loss) and shares
|
|
|
44,680
|
|
|
$
|
12,294
|
|
|
|
|
|
|
$
|
(703
|
)
|
|
|
|
|
|
$
|
11,591
|
|
|
|
|
|
Effect of participating securities:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-vested restricted stock
|
|
|
|
|
|
|
(9
|
)
|
|
|
|
|
|
|
-
|
|
|
|
|
|
|
|
(9
|
)
|
|
|
|
|
Basic earnings (loss) and shares
|
|
|
44,680
|
|
|
$
|
12,285
|
|
|
$
|
0.27
|
|
|
$
|
(703
|
)
|
|
$
|
(0.01
|
)
|
|
$
|
11,582
|
|
|
$
|
0.26
|
|
Effect of dilutive securities:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
|
|
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|
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Stock compensation plans
|
|
|
296
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
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Diluted earnings (loss) and shares
|
|
|
44,976
|
|
|
$
|
12,285
|
|
|
$
|
0.27
|
|
|
$
|
(703
|
)
|
|
$
|
(0.01
|
)
|
|
$
|
11,582
|
|
|
$
|
0.26
|
|
|
|
Six Months Ended June 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
|
|
|
46,340
|
|
|
$
|
37,507
|
|
|
|
|
|
|
$
|
(61
|
)
|
|
|
|
|
|
$
|
37,446
|
|
|
|
|
|
Effect of participating securities:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-vested restricted stock
|
|
|
|
|
|
|
(21
|
)
|
|
|
|
|
|
|
-
|
|
|
|
|
|
|
|
(21
|
)
|
|
|
|
|
Basic earnings (loss) and shares
|
|
|
46,340
|
|
|
$
|
37,486
|
|
|
$
|
0.81
|
|
|
$
|
(61
|
)
|
|
$
|
-
|
|
|
$
|
37,425
|
|
|
$
|
0.81
|
|
Effect of dilutive securities:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Stock compensation plans
|
|
|
183
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Diluted earnings (loss) and shares
|
|
|
46,523
|
|
|
$
|
37,486
|
|
|
$
|
0.81
|
|
|
$
|
(61
|
)
|
|
$
|
(0.01
|
)
|
|
$
|
37,425
|
|
|
$
|
0.80
|
|
|