Earnings Per Common Share (Tables)

9 Months Ended

Sep. 30, 2020

(Share amounts in thousands)

The following table sets forth the computation of basic and diluted earnings (loss) per common share for the periods indicated:


	Three Months Ended September 30,				Nine Months Ended September 30,
	2020		2019		2020		2019
Numerator for basic and diluted earnings (loss) per common share:
Income from continuing operations	$	16,578	$	3,754	$	23,543	$	17,773
Loss from discontinued operations	(9,748)		(690)		(18,056)		(1,455)
Net income	$	6,830	$	3,064	$	5,487	$	16,318
Denominator:
Weighted average shares outstanding	10,562		10,420		10,533		10,406
Denominator for basic earnings (loss) per common share	10,562		10,420		10,533		10,406
Effect of dilutive securities:
Stock compensation plans	97		254		121		225
Dilutive potential common shares	97		254		121		225
Denominator for diluted earnings (loss) per common share - adjusted weighted average shares outstanding	10,659		10,674		10,654		10,631
Continuing operations	$	1.57	$	0.36	$	2.24	$	1.71
Discontinued operations	(0.92)		(0.07)		(1.72)		(0.14)
Basic earnings per common share	$	0.65	$	0.29	$	0.52	$	1.57
Continuing operations	$	1.56	$	0.35	$	2.21	$	1.67
Discontinued operations	(0.92)		(0.06)		(1.69)		(0.14)
Diluted earnings per common share	$	0.64	$	0.29	$	0.52	$	1.53