XML 29 R18.htm IDEA: XBRL DOCUMENT v3.10.0.1
Earnings Per Share
6 Months Ended
Jun. 30, 2018
Earnings Per Share [Abstract]  
Earnings Per Share

Note 13. Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per share from continuing operations for the three and six months ended June 30, 2018 and 2017 (in thousands, except per share data).

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

 

 

2018

 

 

2017

 

 

2018

 

 

2017

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income from continuing operations

 

$

13,121

 

 

$

11,416

 

 

$

48,931

 

 

$

36,442

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding

 

 

54,594

 

 

 

53,968

 

 

 

54,334

 

 

 

53,632

 

Diluted

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Stock options (1)

 

 

1,550

 

 

 

1,544

 

 

 

1,500

 

 

 

1,524

 

Restricted stock awards (1)

 

 

290

 

 

 

319

 

 

 

329

 

 

 

374

 

Contingent shares (2)

 

 

3

 

 

 

 

 

 

3

 

 

 

 

Diluted weighted average common shares

   outstanding

 

 

56,437

 

 

 

55,831

 

 

 

56,166

 

 

 

55,530

 

Basic earnings per share from continuing operations

 

$

0.24

 

 

$

0.21

 

 

$

0.90

 

 

$

0.68

 

Diluted earnings per share from continuing operations

 

$

0.23

 

 

$

0.20

 

 

$

0.87

 

 

$

0.66

 

 

 

(1)

A total of 0.4 million and 0.7 million share based awards were excluded from the calculation of diluted earnings per share for the three and six months ended June 30, 2018, respectively, and a total of 0.5 million and 0.2 million share based awards were excluded from the calculation of diluted earnings per share for the three and six months ended June 30, 2017, respectively, as their effect would be anti-dilutive.

 

(2)

Contingent shares represent additional shares to be issued for purchase price earned by former owners of businesses acquired by us once future considerations have been met. Refer to Note 14, Acquisitions, for further details.