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BASIC AND DILUTED EARNINGS (LOSS) PER COMMON SHARE
 12 Months Ended
Dec. 31, 2015
Earnings Per Share, Basic and Diluted [Abstract]  
BASIC AND DILUTED EARNINGS (LOSS) PER COMMON SHARE
BASIC AND DILUTED EARNINGS (LOSS) PER COMMON SHARE
Shares used in basic earnings (loss) per share are computed using the weighted average number of common shares outstanding during each period. Shares used in diluted earnings (loss) per share include the dilutive effect of unvested restricted stock and outstanding stock options under the Company’s Stock Plan using the treasury stock method. At December 31, 2015 and 2014, there were no outstanding stock options under the Company's Stock Plan. For 2013, all outstanding options to purchase shares of Class A Common Stock that could potentially dilute basic earnings (loss) per common share in the future were excluded from the calculation of diluted earnings (loss) per common share, as their effect would have been anti-dilutive, as in each case their exercise price was in excess of the average NYSE closing price of the Class A Common Stock for these periods.
No unvested restricted stock awards were excluded from the computation of diluted earnings (loss) per common share for the years ended December 31, 2015 and 2014. For 2013, 20,437 weighted average shares of unvested restricted stock were excluded from the computation of diluted earnings (loss) per common share because their effect would have been anti-dilutive.




The components of basic and diluted earnings per common share for each 2015, 2014 and 2013 were as follows:
 
Years Ended December 31,
 
2015
 
2014
 
2013
Numerator:
 
 
 
 
 
Income from continuing operations, net of taxes
$
59.3

 
$
39.6

 
$
24.6

(Loss) Income from discontinued operations, net of taxes
(3.2
)
 
1.3

 
(30.4
)
Net income
$
56.1

 
$
40.9

 
$
(5.8
)
Denominator:
 
 
 
 
 
Weighted average common shares outstanding – Basic
52,431,193

 
52,359,897

 
52,356,798

Effect of dilutive restricted stock
160,352

 
64,042

 
931

Weighted average common shares outstanding – Diluted
52,591,545

 
52,423,939

 
52,357,729

Basic earnings (loss) per common share:
 
 
 
 
 
Continuing operations
$
1.13

 
$
0.76

 
$
0.47

Discontinued operations
(0.06
)
 
0.02

 
(0.58
)
Net income (loss)
$
1.07

 
$
0.78

 
$
(0.11
)
Diluted earnings (loss) per common share:
 
 
 
 
 
Continuing operations
$
1.13

 
$
0.76

 
$
0.47

Discontinued operations
(0.06
)
 
0.02

 
(0.58
)
Net income
$
1.07

 
$
0.78

 
$
(0.11
)