Dilutive Effect on Earnings Per Share |
The following table illustrates the dilutive effect of such items on earnings per share for 2017, 2016 and 2015:
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Year Ended December 31, 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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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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43,997
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$
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94,153
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$
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(1,170
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)
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$
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92,983
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Effect of participating securities:
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Non-vested restricted stock
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(85
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)
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-
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(85
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)
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Basic earnings (loss) and shares
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43,997
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$
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94,068
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$
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2.14
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$
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(1,170
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)
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$
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(0.03
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)
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$
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92,898
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$
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2.11
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Effect of dilutive securities:
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Stock compensation plans
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361
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Diluted earnings (loss) and shares
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44,358
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$
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94,068
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$
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2.12
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$
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(1,170
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)
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$
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(0.03
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)
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$
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92,898
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$
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2.09
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Year Ended December 31, 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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45,637
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$
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94,516
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$
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(1,323
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)
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$
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93,193
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Effect of participating securities:
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Non-vested restricted stock
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(52
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)
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-
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(52
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)
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Basic earnings (loss) and shares
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45,637
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$
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94,464
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$
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2.07
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$
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(1,323
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)
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$
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(0.03
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)
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$
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93,141
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$
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2.04
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Effect of dilutive securities:
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Stock compensation plans
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311
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Diluted earnings (loss) and shares
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45,948
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$
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94,464
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$
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2.06
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$
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(1,323
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)
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$
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(0.03
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)
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$
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93,141
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$
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2.03
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Year Ended December 31, 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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50,489
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$
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88,091
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$
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(1,780
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)
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$
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86,311
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Effect of participating securities:
|
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Non-vested restricted stock and restricted stock units
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(36
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)
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-
|
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(36
|
)
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Basic earnings (loss) and shares
|
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50,489
|
|
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$
|
88,055
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$
|
1.74
|
|
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$
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(1,780
|
)
|
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$
|
(0.03
|
)
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$
|
86,275
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$
|
1.71
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Effect of dilutive securities:
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Stock compensation plans
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394
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Diluted earnings (loss) and shares
|
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50,883
|
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$
|
88,055
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$
|
1.73
|
|
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$
|
(1,780
|
)
|
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$
|
(0.03
|
)
|
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$
|
86,275
|
|
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$
|
1.70
|
|
|