Common Stock and Earnings per Share

9 Months Ended

Sep. 30, 2016

Earnings Per Share [Abstract]

Common Stock and Earnings per Share

Note 10 – Common Stock and Earnings per Share

In connection with the 2009 Equity Incentive Plan, during the nine months ended September 30, 2016, we issued 90 total shares of restricted common stock, 30 shares for awards granted in the first nine months of 2016 and 60 performance shares related to awards provisioned in prior years.

Basic earnings per share is based on the weighted average number of shares outstanding and excludes the dilutive effect of common stock equivalents. Diluted earnings per share is based on the weighted average number of shares outstanding and includes the dilutive effect of common stock equivalents to the extent they are not anti-dilutive. The details of the earnings per share calculations for the three and nine months ended September 30, 2016 and 2015 follow:

	Three months ended September 30,						Nine months ended September 30,
	2016			2015			2016			2015
Net income - continuing operations	$	494		$	11,186		$	5,520		$	38,710
Net income (loss) - discontinued operations		(16	)		(4	)		(17	)		(42	)
Net income	$	478		$	11,182		$	5,503		$	38,668
Weighted average common shares outstanding
Basic		39,736			39,580			39,709			39,563
Incremental shares with dilutive effect:
Restricted stock awards		98			153			77			148
Diluted		39,834			39,733			39,786			39,711
Basic income (loss) per share
Continuing operations	$	0.01		$	0.28		$	0.14		$	0.97
Discontinued operations		(0.00	)		(0.00	)		(0.00	)		(0.00	)
Total net income per share	$	0.01		$	0.28		$	0.14		$	0.97
Diluted income (loss) per share
Continuing operations	$	0.01		$	0.28		$	0.14		$	0.97
Discontinued operations		(0.00	)		(0.00	)		(0.00	)		(0.00	)
Total net income per share	$	0.01		$	0.28		$	0.14		$	0.97