| 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, 2018 and 2017:
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Three Months Ended September 30, 2018 |
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Income (Loss) |
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Income (Loss) |
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From Continuing
Operations |
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From Discontinued
Operations |
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Net
Income (Loss) |
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Weighted
Average
Shares |
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Amount |
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Per
Share
Amount |
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Amount |
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Per
Share
Amount |
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Amount |
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Per
Share
Amount |
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(In thousands, except per share amounts) |
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| Earnings (loss) and shares |
42,673 |
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$ |
15,301 |
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$ |
(183) |
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$ |
15,118 |
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| Effect of participating securities: |
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| Non-vested restricted stock |
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(14) |
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— |
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(14) |
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| Basic earnings (loss) and shares |
42,673 |
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$ |
15,287 |
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$ |
0.36 |
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$ |
(183) |
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$ |
(0.01) |
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$ |
15,104 |
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$ |
0.35 |
| Effect of dilutive securities: |
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| Stock compensation plans |
321 |
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| Diluted earnings (loss) and shares |
42,994 |
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$ |
15,287 |
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$ |
0.36 |
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$ |
(183) |
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$ |
(0.01) |
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$ |
15,104 |
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$ |
0.35 |
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Three Months Ended September 30, 2017 |
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Income (Loss) |
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Income (Loss) |
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From Continuing
Operations |
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From Discontinued
Operations |
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Net
Income (Loss) |
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Weighted
Average
Shares |
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Amount |
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Per
Share
Amount |
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Amount |
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Per
Share
Amount |
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Amount |
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Per
Share
Amount |
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(In thousands, except per share amounts) |
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| Earnings (loss) and shares |
43,496 |
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$ |
19,730 |
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$ |
(290) |
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$ |
19,440 |
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| Effect of participating securities: |
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| Non-vested restricted stock |
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(18) |
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— |
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(18) |
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| Basic earnings (loss) and shares |
43,496 |
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$ |
19,712 |
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$ |
0.45 |
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$ |
(290) |
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$ |
— |
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$ |
19,422 |
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$ |
0.45 |
| Effect of dilutive securities: |
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| Stock compensation plans |
315 |
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| Diluted earnings (loss) and shares |
43,811 |
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$ |
19,712 |
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$ |
0.45 |
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$ |
(290) |
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$ |
(0.01) |
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$ |
19,422 |
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$ |
0.44 |
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Nine Months Ended September 30, 2018 |
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Income (Loss) |
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Income (Loss) |
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From Continuing
Operations |
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From Discontinued
Operations |
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Net
Income (Loss) |
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Weighted
Average
Shares |
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Amount |
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Per
Share
Amount |
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Amount |
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Per
Share
Amount |
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Amount |
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Per
Share
Amount |
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(In thousands, except per share amounts) |
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| Earnings (loss) and shares |
42,708 |
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$ |
30,409 |
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$ |
(579) |
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$ |
29,830 |
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| Effect of participating securities: |
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| Non-vested restricted stock |
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(29) |
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— |
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(29) |
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| Basic earnings (loss) and shares |
42,708 |
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$ |
30,380 |
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$ |
0.71 |
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$ |
(579) |
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$ |
(0.01) |
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$ |
29,801 |
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$ |
0.70 |
| Effect of dilutive securities: |
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| Stock compensation plans |
256 |
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| Diluted earnings (loss) and shares |
42,964 |
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$ |
30,380 |
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$ |
0.71 |
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$ |
(579) |
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$ |
(0.02) |
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$ |
29,801 |
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$ |
0.69 |
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Nine Months Ended September 30, 2017 |
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Income (Loss) |
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Income (Loss) |
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From Continuing
Operations |
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From Discontinued
Operations |
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Net
Income (Loss) |
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Weighted
Average
Shares |
|
Amount |
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Per
Share
Amount |
|
Amount |
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Per
Share
Amount |
|
Amount |
|
Per
Share
Amount |
|
(In thousands, except per share amounts) |
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| Earnings (loss) and shares |
44,281 |
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$ |
32,024 |
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$ |
(993) |
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$ |
31,031 |
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| Effect of participating securities: |
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| Non-vested restricted stock |
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(28) |
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— |
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(28) |
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| Basic earnings (loss) and shares |
44,281 |
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$ |
31,996 |
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$ |
0.72 |
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$ |
(993) |
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$ |
(0.02) |
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$ |
31,003 |
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$ |
0.70 |
| Effect of dilutive securities: |
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| Stock compensation plans |
304 |
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| Diluted earnings (loss) and shares |
44,585 |
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$ |
31,996 |
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$ |
0.72 |
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$ |
(993) |
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$ |
(0.02) |
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$ |
31,003 |
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$ |
0.70 |
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