Earnings per Share

6 Months Ended

Jun. 30, 2019

Earnings Per Share [Abstract]

Earnings per Share

(6) Earnings per Share. The following details the computations of the basic and diluted earnings per common share (in thousands, except per share amounts):

	Three Months ended					Six Months ended
	June 30,					June 30,
	2019		2018			2019		2018
Weighted average common shares
outstanding during the period
- shares used for basic
earnings per common share		9,915		10,033			9,933		10,024
Common shares issuable under
share based payment plans
which are potentially dilutive		45		76			45		75
Common shares used for diluted
earnings per common share		9,960		10,109			9,978		10,099
Income (loss) from continuing operations	$	2,952		(879	)		4,593		(1,572	)
Discontinued operations	$	6,776		120,465			6,862		122,187
Net income attributable to the Company	$	9,825		119,982			11,723		121,542
Basic earnings per common share:
Income (loss) from continuing operations	$	0.30		(0.09	)		0.46		(0.16	)
Discontinued operations	$	0.68		12.01			0.69		12.19
Net income attributable to the Company	$	0.99		11.96			1.18		12.13
Diluted earnings per common share:
Income (loss) from continuing operations	$	0.30		(0.09	)		0.46		(0.16	)
Discontinued operations	$	0.68		11.92			0.69		12.10
Net income attributable to the Company	$	0.99		11.87			1.17		12.04

For the three and six months ended June 30, 2019, 19,950 shares attributable to outstanding stock options were excluded from the calculation of diluted earnings per share because their inclusion would have been anti-dilutive. For the three and six months ended June 30, 2018, no shares attributable to outstanding stock operations were excluded from the calculation of diluted earnings per share because their inclusion would have been anti-dilutive.

During the first six months the Company repurchased 110,527 shares at an average cost of $48.06.