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Earnings Per Share (Tables)
 12 Months Ended
Dec. 31, 2018
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share
The following table details the computation of basic and diluted earnings per share:
 
 
Year ended December 31,
 
2018
 
2017
 
2016
Numerator:
 
 
 
 
 
Net (loss) income attributable to Providence
$
(18,981
)
 
$
53,369

 
$
91,928

Less dividends on convertible preferred stock
(4,420
)
 
(4,419
)
 
(4,419
)
Less income allocated to participating securities
(1,856
)
 
(6,314
)
 
(10,569
)
Net (loss) income available to common stockholders
$
(25,257
)
 
$
42,636

 
$
76,940

 
 
 
 
 
 
Continuing operations
$
11,953

 
$
40,647

 
$
19,749

Discontinued operations
(37,210
)
 
1,989

 
57,191

 
$
(25,257
)
 
$
42,636

 
$
76,940

 
 
 
 
 
 
Denominator:
 
 
 
 
 
Denominator for basic earnings per share -- weighted-average shares
12,960,837

 
13,602,140

 
14,666,896

Effect of dilutive securities:
 
 
 
 
 
Common stock options
72,410

 
66,314

 
105,837

Performance-based restricted stock units
—

 
4,860

 
6,665

Denominator for diluted earnings per share -- adjusted weighted-average shares assumed conversion
13,033,247

 
13,673,314

 
14,779,398

 
 
 
 
 
 
Basic earnings (loss) per share:
 
 
 
 
 
Continuing operations
$
0.92

 
$
2.99

 
$
1.35

Discontinued operations
(2.87
)
 
0.15

 
3.90

 
$
(1.95
)
 
$
3.14

 
$
5.25

Diluted earnings (loss) per share:
 
 
 
 
 
Continuing operations
$
0.92

 
$
2.97

 
$
1.34

Discontinued operations
(2.86
)
 
0.15

 
3.87

 
$
(1.94
)
 
$
3.12

 
$
5.21
Schedule of Antidilutive Securities
The following weighted-average shares were not included in the computation of diluted earnings per share as the effect of their inclusion would have been anti-dilutive:
 
 
Year ended December 31,
 
2018
 
2017
 
2016
Stock options to purchase common stock
560,547

 
362,392

 
22,638

Convertible preferred stock
802,489

 
803,323

 
803,442