Earnings per Share

9 Months Ended

Sep. 30, 2020

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,
	2020		2019			2020		2019
Weighted average common shares
outstanding during the period
- shares used for basic
earnings per common share		9,517		9,843			9,646		9,903
Common shares issuable under
share based payment plans
which are potentially dilutive		28		43			35		42
Common shares used for diluted
earnings per common share		9,545		9,886			9,681		9,945
Income from continuing operations	$	5,271		1,902			10,747		6,495
Discontinued operations	$	—		(13	)		—		6,849
Net income attributable to the Company	$	5,455		2,001			11,222		13,724
Basic earnings per common share:
Income from continuing operations	$	0.55		0.19			1.11		0.66
Discontinued operations	$	—		—			—		0.69
Net income attributable to the Company	$	0.57		0.20			1.16		1.39
Diluted earnings per common share:
Income from continuing operations	$	0.55		0.19			1.11		0.65
Discontinued operations	$	—		—			—		0.69
Net income attributable to the Company	$	0.57		0.20			1.16		1.38

For the three and nine months ended September 30, 2020, 74,065 and 53,545 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, 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.

During the first nine months the Company repurchased 379,809 shares at an average cost of $41.30.