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 |
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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 |
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