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Summary of Significant Accounting Policies (Tables)
9 Months Ended
Sep. 30, 2017
Accounting Policies [Abstract]  
Computation of basic and diluted earnings per share
The following table sets forth the computation of basic and diluted earnings per share:
 
 
 
Three Months Ended
 
Nine Months Ended
 
 
 
September 30,
 
September 30,
 
 
 
2017
 
2016
 
2017
 
2016
 
 
 
(In thousands, except per share data)
 
Numerator:
 
 
 
 
 
 
 
 
 
 
 
 
 
Income from continuing operations
 
$
2,965
 
$
3,903
 
$
7,387
 
$
9,561
 
Less: Income allocated to unvested participating securities
 
 
51
 
 
72
 
 
126
 
 
176
 
Income from continuing operations available to common stockholders
 
$
2,914
 
$
3,831
 
$
7,261
 
$
9,385
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Income from discontinued operations
 
$
30,451
 
$
1,511
 
$
32,501
 
$
3,688
 
Less: Income allocated to unvested participating securities
 
 
520
 
 
28
 
 
556
 
 
68
 
Income from discontinued operations available to common stockholders
 
$
29,931
 
$
1,483
 
$
31,945
 
$
3,620
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income available to common stockholders
 
$
32,845
 
$
5,314
 
$
39,206
 
$
13,005
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Denominator:
 
 
 
 
 
 
 
 
 
 
 
 
 
Denominator for basic earnings per share — weighted average shares
 
 
5,807
 
 
5,755
 
 
5,800
 
 
5,753
 
Effect of dilutive securities:
 
 
 
 
 
 
 
 
 
 
 
 
 
Common stock equivalents
 
 
 
 
9
 
 
4
 
 
9
 
Denominator for diluted earnings per share — adjusted weighted-average shares and assumed conversions
 
 
5,807
 
 
5,764
 
 
5,804
 
 
5,762
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic earnings per share:
 
 
 
 
 
 
 
 
 
 
 
 
 
From continuing operations
 
$
.50
 
$
.66
 
$
1.25
 
$
1.63
 
From discontinued operations
 
 
5.16
 
 
.26
 
 
5.51
 
 
.63
 
Basic earnings per share
 
$
5.66
 
$
.92
 
$
6.76
 
$
2.26
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Diluted earnings per share
 
 
 
 
 
 
 
 
 
 
 
 
 
From continuing operations
 
$
.50
 
$
.66
 
$
1.25
 
$
1.62
 
From discontinued operations
 
 
5.16
 
 
.26
 
 
5.51
 
 
.63
 
Diluted earnings per share
 
$
5.66
 
$
.92
 
$
6.76
 
$
2.25