Earnings per Share

9 Months Ended

Sep. 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						Nine Months ended
	September 30,						September 30,
	2019			2018			2019		2018
Weighted average common shares
outstanding during the period
- shares used for basic
earnings per common share		9,843			10,062			9,903		10,037
Common shares issuable under
share based payment plans
which are potentially dilutive		43			73			42		73
Common shares used for diluted
earnings per common share		9,886			10,135			9,945		10,110
Income from continuing operations	$	1,902			2,030			6,495		458
Discontinued operations	$	(13	)		(78	)		6,849		122,109
Net income attributable to the Company	$	2,001			2,224			13,724		123,766
Basic earnings per common share:
Income from continuing operations	$	0.19			0.20			0.66		0.05
Discontinued operations	$	0.00			(0.01	)		0.69		12.17
Net income attributable to the Company	$	0.20			0.22			1.39		12.33
Diluted earnings per common share:
Income from continuing operations	$	0.19			0.20			0.65		0.05
Discontinued operations	$	0.00			(0.01	)		0.69		12.08
Net income attributable to the Company	$	0.20			0.22			1.38		12.24

For the three and nine months ended September 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 nine months ended September 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 nine months the Company repurchased 159,282 shares at an average cost of $48.43.