| Dilutive Effect on Earnings Per Share |
The following table illustrates the dilutive effect of such items on earnings per share for 2018, 2017 and 2016:
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Year Ended December 31, 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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$ |
52,390 |
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$ |
(740) |
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$ |
51,650 |
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| Effect of participating securities: |
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| Non-vested restricted stock |
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(50) |
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— |
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(50) |
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| Basic earnings (loss) and shares |
42,708 |
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$ |
52,340 |
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$ |
1.23 |
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$ |
(740) |
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$ |
(0.02) |
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$ |
51,600 |
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$ |
1.21 |
| Effect of dilutive securities: |
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| Stock compensation plans |
242 |
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| Diluted earnings (loss) and shares |
42,950 |
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$ |
52,340 |
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$ |
1.22 |
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$ |
(740) |
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$ |
(0.02) |
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$ |
51,600 |
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$ |
1.20 |
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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
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 |
43,997 |
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$ |
94,153 |
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$ |
(1,170) |
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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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(85) |
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| Basic earnings (loss) and shares |
43,997 |
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$ |
94,068 |
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$ |
2.14 |
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$ |
(1,170) |
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$ |
(0.03) |
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$ |
92,898 |
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$ |
2.11 |
| Effect of dilutive securities: |
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| Stock compensation plans |
361 |
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| Diluted earnings (loss) and shares |
44,358 |
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$ |
94,068 |
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$ |
2.12 |
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$ |
(1,170) |
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$ |
(0.03) |
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$ |
92,898 |
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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
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 |
45,637 |
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$ |
94,516 |
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$ |
(1,323) |
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$ |
93,193 |
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| Effect of participating securities: |
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| Non-vested restricted stock and restricted stock units |
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(52) |
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— |
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(52) |
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| Basic earnings (loss) and shares |
45,637 |
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$ |
94,464 |
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$ |
2.07 |
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$ |
(1,323) |
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$ |
(0.03) |
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$ |
93,141 |
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$ |
2.04 |
| Effect of dilutive securities: |
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| Stock compensation plans |
311 |
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| Diluted earnings (loss) and shares |
45,948 |
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$ |
94,464 |
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$ |
2.06 |
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$ |
(1,323) |
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$ |
(0.03) |
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$ |
93,141 |
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$ |
2.03 |
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