Earnings per Share |
13. Earnings per Share The calculations of basic and diluted net income per share and basic and diluted weighted average shares outstanding are as follows for the three and six months ended March 31, 2020 and 2019 (in thousands, except per share data): | | | | | | | | | | | | | | | | Three Months Ended | | Six Months Ended | | | | March 31, | | March 31, | | | | 2020 | | 2019 | | 2020 | | 2019 | | Income (loss) from continuing operations | | $ | 9,192 | | $ | (2,829) | | $ | 22,366 | | $ | 3,437 | | (Loss) income from discontinued operations, net of tax | | | (65) | | | 6,250 | | | (182) | | | 14,399 | | Net income | | $ | 9,127 | | $ | 3,421 | | $ | 22,184 | | $ | 17,836 | | | | | | | | | | | | | | | | Weighted average common shares outstanding used in computing basic earnings per share | | | 73,708 | | | 72,077 | | | 73,331 | | | 71,760 | | Dilutive restricted stock units | | | 81 | | | 215 | | | 421 | | | 455 | | Weighted average common shares outstanding used in computing diluted earnings per share | | | 73,789 | | | 72,292 | | | 73,752 | | | 72,215 | | | | | | | | | | | | | | | | Basic net income per share: | | | | | | | | | | | | | | Income (loss) from continuing operations | | $ | 0.12 | | $ | (0.04) | | $ | 0.30 | | $ | 0.05 | | (Loss) income from discontinued operations, net of tax | | | (0.00) | | | 0.09 | | | (0.00) | | | 0.20 | | Basic net income per share | | $ | 0.12 | | $ | 0.05 | | $ | 0.30 | | $ | 0.25 | | | | | | | | | | | | | | | | Diluted net income per share: | | | | | | | | | | | | | | Income (loss) from continuing operations | | $ | 0.12 | | $ | (0.04) | | $ | 0.30 | | $ | 0.05 | | (Loss) income from discontinued operations, net of tax | | | (0.00) | | | 0.09 | | | (0.00) | | | 0.20 | | Diluted net income per share | | $ | 0.12 | | $ | 0.05 | | $ | 0.30 | | $ | 0.25 | | Dividend declared per share | | $ | 0.10 | | $ | 0.10 | | $ | 0.20 | | $ | 0.20 | |
During the three and six months ended March 31, 2020, antidilutive restricted stock units of 190,723 and 167,161, respectively, were excluded from the computation of diluted earnings per share based on the treasury stock method. During the three and six months ended March 31, 2019, antidilutive restricted stock units of 4,599 and 8,751, respectively, were excluded from the computation of diluted earnings per share based on the treasury stock method.
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