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EARNINGS PER SHARE (Tables)
6 Months Ended
Jun. 30, 2014
EARNINGS PER SHARE  
Schedule of basic and diluted earnings per share

 

 

 

 

Quarter Ended
June 30,

 

Six Months Ended
June 30,

(In thousands, except per share amounts)

 

2014

 

 

2013

 

 

2014

 

 

2013

 

Income from continuing operations

 

$

9,887

 

 

$

9,560

 

 

$

18,309

 

 

$

16,418

 

Less: net income attributable to noncontrolling interest

 

80

 

 

94

 

 

178

 

 

193

 

Income attributable to common shareholders before allocation of earnings to participating securities

 

9,807

 

 

9,466

 

 

18,131

 

 

16,225

 

Less: earnings allocated to participating securities

 

153

 

 

131

 

 

306

 

 

263

 

Income from continuing operations attributable to common shareholders

 

9,654

 

 

9,335

 

 

17,825

 

 

15,962

 

Loss from discontinued operations

 

-    

 

 

(272

)

 

-    

 

 

(248

)

Net income attributable to common shareholders

 

$

9,654

 

 

$

9,063

 

 

$

17,825

 

 

$

15,714

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average number of common shares outstanding

 

39,877

 

 

39,755

 

 

39,877

 

 

39,755

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic and diluted earnings per common share:

 

 

 

 

 

 

 

 

 

 

 

 

Income from continuing operations

 

$

0.24

 

 

$

0.23

 

 

$

0.45

 

 

$

0.40

 

Loss from discontinued operations, net of tax

 

-    

 

 

(0.01

)

 

-    

 

 

(0.01

)

Net income per common share attributable to common shareholders

 

$

0.24

 

 

$

0.22

 

 

$

0.45

 

 

$

0.39