Net Earnings Per Share

6 Months Ended

Jun. 30, 2015

Earnings Per Share [Abstract]

Net Earnings Per Share

NET EARNINGS PER SHARE

Basic earnings per share is based on the weighted average number of common shares outstanding. Diluted earnings per share is based on the weighted average number of common shares outstanding, as well as dilutive potential common shares which, in the Company’s case, comprise of shares issuable under its equity compensation plans described in Note 9 of the consolidated financial statements. The weighted average number of shares and conversions utilized in the calculation of diluted earnings per share does not include potential anti-dilutive common shares aggregating 489,000 and 487,000 for the three months ended June 30, 2015 and 2014, respectively, and 471,000 and 524,000 for the six months ended June 30, 2015 and 2014, respectively. The treasury stock method is used to calculate dilutive shares, which reduces the gross number of dilutive shares by the number of shares purchasable from the proceeds of the options assumed to be exercised and the unrecognized expense related to the restricted stock and restricted stock unit awards assumed to have vested.

The following table sets forth the computation of basic and diluted earnings per share for the three and six months ended June 30, (in thousands):

	Three Months Ended   June 30,				Six Months Ended   June 30,
	2015		2014		2015			2014
Numerator:
Income from continuing operations	$	4,087	$	6,431	$	9,624		$	4,345
Loss from discontinued operations	—		—		(28		)	—
Net income (loss) available to common shareholders	$	4,087	$	6,431	$	9,596		$	4,345
Denominator for basic earnings per share:
Weighted average shares outstanding	31,210		31,066		31,200			31,028
Denominator for diluted earnings per share:
Weighted average shares outstanding	31,210		31,066		31,200			31,028
Common stock options and restricted stock	285		205		240			207
Weighted average shares and conversions	$	31,495	$	31,271	$	31,440		$	31,235