XML 31 R20.htm IDEA: XBRL DOCUMENT v3.19.2
Earnings Per Share
 6 Months Ended
Jun. 30, 2019
Earnings Per Share [Abstract]  
Earnings Per Share
Note 13. Earnings Per Share

The following are reconciliations of the earnings available to common stockholders and the shares used in calculating basic and dilutive net earnings per common share (in thousands, except per share data):

 
  
Three Months Ended
June 30,
    
Six Months Ended
June 30,
  
   
2019
    
2018
    
2019
    
2018
  
Basic Net Earnings Per Common Share:
                        
Earnings from continuing operations
  
$
20,555
    
$
16,827
    
$
33,659
    
$
25,424
  
Loss from discontinued operations
    
(1,123
)
    
(882
)
    
(2,011
)
    
(1,490
)
Net earnings available to common stockholders
  
$
19,432
    
$
15,945
    
$
31,648
    
$
23,934
  
 
                                
Weighted average common shares outstanding
    
22,328
      
22,471
      
22,375
      
22,485
  
 
                                
Earnings from continuing operations per common share
  
$
0.92
    
$
0.75
    
$
1.50
    
$
1.13
  
Loss from discontinued operations per common share
    
(0.05
)
    
(0.04
)
    
(0.09
)
    
(0.07
)
Basic net earnings per common share
  
$
0.87
    
$
0.71
    
$
1.41
    
$
1.06
  
 
                                
Diluted Net Earnings Per Common Share:
                                
Earnings from continuing operations
  
$
20,555
    
$
16,827
    
$
33,659
    
$
25,424
  
Loss from discontinued operations
    
(1,123
)
    
(882
)
    
(2,011
)
    
(1,490
)
Net earnings available to common stockholders
  
$
19,432
    
$
15,945
    
$
31,648
    
$
23,934
  
 
                                
Weighted average common shares outstanding
    
22,328
      
22,471
      
22,375
      
22,485
  
Plus incremental shares from assumed conversions:
                                
Dilutive effect of restricted stock and performance-based stock
    
468
      
487
      
482
      
477
  
Weighted average common shares outstanding – Diluted
    
22,796
      
22,958
      
22,857
      
22,962
  
 
                                
Earnings from continuing operations per common share
  
$
0.90
    
$
0.73
    
$
1.47
    
$
1.11
  
Loss from discontinued operations per common share
    
(0.05
)
    
(0.04
)
    
(0.09
)
    
(0.07
)
Diluted net earnings per common share
  
$
0.85
    
$
0.69
    
$
1.38
    
$
1.04
  

The shares listed below were not included in the computation of diluted earnings per share because to do so would have been anti-dilutive for the periods presented or because they were excluded under the treasury method (in thousands):

 
  
Three Months Ended
June 30,
    
Six Months Ended
June 30,
  
 
  
2019
    
2018
    
2019
    
2018
  
Restricted and performance-based shares
    
248
      
251
      
242
      
265