EARNINGS PER SHARE

6 Months Ended

Jun. 30, 2014

EARNINGS PER SHARE

EARNINGS PER SHARE

3. EARNINGS PER SHARE

The computation of basic and diluted earnings per share attributable to common shareholders computed using the two-class method is as follows:

	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

Diluted earnings per common share attributable to common shareholders for the quarter and six months ended June 30, 2014, excludes 0.4 million shares and 0.3 million shares, respectively, of potential common shares that could be issued under our share-based compensation plan, because the inclusion of the potential common shares would have had an antidilutive effect.  For the quarter and six months ended June 30, 2013, diluted earnings per share excluded 0.4 million and 0.2 million potential common shares, respectively.