| 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, 2018 and 2017:
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Three Months Ended June 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) |
Earnings (loss) and shares |
42,662 |
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$ |
17,122 |
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$ |
(217 |
) |
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$ |
16,905 |
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Effect of participating securities: |
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Non-vested restricted stock |
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(3 |
) |
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— |
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(3 |
) |
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Basic earnings (loss) and shares |
42,662 |
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$ |
17,119 |
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$ |
0.40 |
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$ |
(217 |
) |
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$ |
— |
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$ |
16,902 |
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$ |
0.40 |
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Effect of dilutive securities: |
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Stock compensation plans |
258 |
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Diluted earnings (loss) and shares |
42,920 |
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$ |
17,119 |
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$ |
0.40 |
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$ |
(217 |
) |
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$ |
(0.01 |
) |
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$ |
16,902 |
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$ |
0.39 |
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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
Operations
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From Discontinued
Operations
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|
Net
Income (Loss)
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|
Weighted
Average
Shares
|
|
Amount |
|
Per
Share
Amount
|
|
Amount |
|
Per
Share
Amount
|
|
Amount |
|
Per
Share
Amount
|
|
(In thousands, except per share amounts) |
Earnings (loss) and shares |
44,570 |
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$ |
12,314 |
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$ |
(182 |
) |
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$ |
12,132 |
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Effect of participating securities: |
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Non-vested restricted stock |
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(9 |
) |
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— |
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(9 |
) |
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Basic earnings (loss) and shares |
44,570 |
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$ |
12,305 |
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$ |
0.28 |
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$ |
(182 |
) |
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$ |
(0.01 |
) |
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$ |
12,123 |
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$ |
0.27 |
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Effect of dilutive securities: |
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Stock compensation plans |
240 |
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Diluted earnings (loss) and shares |
44,810 |
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$ |
12,305 |
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$ |
0.27 |
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$ |
(182 |
) |
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$ |
— |
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$ |
12,123 |
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$ |
0.27 |
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Six Months Ended June 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)
|
|
Weighted
Average
Shares
|
|
Amount |
|
Per
Share
Amount
|
|
Amount |
|
Per
Share
Amount
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Amount |
|
Per
Share
Amount
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(In thousands, except per share amounts) |
Earnings (loss) and shares |
42,725 |
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$ |
15,108 |
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$ |
(397 |
) |
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$ |
14,711 |
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Effect of participating securities: |
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Non-vested restricted stock |
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(5 |
) |
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— |
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(5 |
) |
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Basic earnings (loss) and shares |
42,725 |
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$ |
15,103 |
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$ |
0.35 |
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$ |
(397 |
) |
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$ |
(0.01 |
) |
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$ |
14,706 |
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$ |
0.34 |
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Effect of dilutive securities: |
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Stock compensation plans |
223 |
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Diluted earnings (loss) and shares |
42,948 |
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$ |
15,103 |
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$ |
0.35 |
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$ |
(397 |
) |
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$ |
(0.01 |
) |
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$ |
14,706 |
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$ |
0.34 |
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Six Months Ended June 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
|
|
Net
Income (Loss)
|
|
Weighted
Average
Shares
|
|
Amount |
|
Per
Share
Amount
|
|
Amount |
|
Per
Share
Amount
|
|
Amount |
|
Per
Share
Amount
|
|
(In thousands, except per share amounts) |
Earnings (loss) and shares |
44,680 |
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$ |
12,294 |
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$ |
(703 |
) |
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$ |
11,591 |
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Effect of participating securities: |
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Non-vested restricted stock |
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(9 |
) |
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— |
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(9 |
) |
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Basic earnings (loss) and shares |
44,680 |
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$ |
12,285 |
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$ |
0.27 |
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$ |
(703 |
) |
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$ |
(0.01 |
) |
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$ |
11,582 |
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$ |
0.26 |
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Effect of dilutive securities: |
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Stock compensation plans |
296 |
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Diluted earnings (loss) and shares |
44,976 |
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$ |
12,285 |
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$ |
0.27 |
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$ |
(703 |
) |
|
$ |
(0.01 |
) |
|
$ |
11,582 |
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$ |
0.26 |
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