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Earnings Per Common Share (Tables)
9 Months Ended
Sep. 30, 2019
Earnings Per Share [Abstract]  
Components of Basic and Diluted Earnings Per Share
The components of basic and diluted earnings per share were as follows for the three-month periods ended September 30, 2019 and 2018:
 
Three Months Ended September 30,
(In Thousands, Except Share Data)
2019
 
2018
 
Basic
 
Diluted
 
Basic
 
Diluted
Net income (loss) from continuing operations
$
(2,342
)
 
$
(2,342
)
 
$
11,070

 
$
11,070

Weighted-average common shares outstanding
25,176,334

 
25,176,334

 
25,052,627

 
25,052,627

Add dilutive effect of restricted stock unit awards

 

 

 
279,636

Add dilutive effect of stock options

 

 

 
294,688

Weighted-average common shares outstanding
25,176,334

 
25,176,334

 
25,052,627

 
25,626,951

Earnings (loss) per common share from continuing operations
$
(0.09
)
 
$
(0.09
)
 
$
0.44

 
$
0.43

Earnings (loss) per common share
$
(0.09
)
 
$
(0.09
)
 
$
0.44

 
$
0.43

Awards excluded from diluted earnings per share calculation(1)

 
63,897

 

 

(1)
Outstanding awards that are not "in-the-money" are excluded from the diluted earnings per share calculation because the effect of including them would have been anti-dilutive.
The components of basic and diluted earnings per share were as follows for the nine-month periods ended September 30, 2019 and 2018:

 
Nine Months Ended September 30,
(In Thousands, Except Share Data)
2019
 
2018
 
Basic
 
Diluted
 
Basic
 
Diluted
Net income from continuing operations
$
37,983

 
$
37,983

 
$
31,591

 
$
31,591

Weighted-average common shares outstanding
25,172,716

 
25,172,716

 
24,982,155

 
24,982,155

Add dilutive effect of restricted stock unit awards

 
249,605

 

 
279,636

Add dilutive effect of stock options

 
221,423

 

 
345,514

Weighted-average common shares outstanding
25,172,716

 
25,643,744

 
24,982,155

 
25,607,305

Earnings per common share from continuing operations
$
1.51

 
$
1.48

 
$
1.26

 
$
1.23

Earnings (loss) per common share from discontinued operations

 

 
(0.08
)
 
(0.07
)
Gain on sale of discontinued operations, net of taxes

 

 
1.10

 
1.07

Earnings per common share
$
1.51

 
$
1.48

 
$
2.28

 
$
2.23

Awards excluded from diluted earnings per share calculation(1)

 
63,897

 

 
2,681

(1)
Outstanding awards that are not "in-the-money" are excluded from the diluted earnings per share calculation because the effect of including them would have been anti-dilutive.