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Earnings Per Common Share (Tables)
6 Months Ended
Jun. 30, 2019
Earnings Per Share [Abstract]  
Components of Basic and Diluted Earnings Per Share
The components of basic and diluted earnings per share were as follows for the three-month periods ended June 30, 2019 and 2018:
 
Three Months Ended June 30,
(In Thousands, Except Share Data)
2019
 
2018
 
Basic
 
Diluted
 
Basic
 
Diluted
Net income (loss) from continuing operations
$
(4,196
)
 
$
(4,196
)
 
$
157

 
$
157

Weighted-average common shares outstanding
25,210,354

 
25,210,354

 
24,976,563

 
24,976,563

Add dilutive effect of restricted stock unit awards

 

 

 
281,654

Add dilutive effect of stock options

 

 

 
353,556

Weighted-average common shares outstanding
25,210,354

 
25,210,354

 
24,976,563

 
25,611,773

Earnings (loss) per common share from continuing operations
$
(0.17
)
 
$
(0.17
)
 
$
0.01

 
$
0.01

Earnings (loss) per common share
$
(0.17
)
 
$
(0.17
)
 
$
0.01

 
$
0.01

Awards excluded from diluted earnings per share calculation(1)

 
63,897

 

 
2,681

(1)
Outstanding awards that are not "in-the-money" are excluded from the diluted earnings per share calculation because the effect of including them would have been anti-dilutive.


The components of basic and diluted earnings per share were as follows for the six-month periods ended June 30, 2019 and 2018:

 
Six Months Ended June 30,
(In Thousands, Except Share Data)
2019
 
2018
 
Basic
 
Diluted
 
Basic
 
Diluted
Net income from continuing operations
$
40,325

 
$
40,325

 
$
20,521

 
$
20,521

Weighted-average common shares outstanding
25,170,877

 
25,170,877

 
24,946,335

 
24,946,335

Add dilutive effect of restricted stock unit awards

 
257,810

 

 
281,654

Add dilutive effect of stock options

 
231,116

 

 
354,719

Weighted-average common shares outstanding
25,170,877

 
25,659,803

 
24,946,335

 
25,582,708

Earnings per common share from continuing operations
$
1.60

 
$
1.57

 
$
0.82

 
$
0.80

Earnings (loss) per common share from discontinued operations

 

 
(0.08
)
 
(0.07
)
Gain on sale of discontinued operations, net of taxes

 

 
1.10

 
1.07

Earnings per common share
$
1.60

 
$
1.57

 
$
1.84

 
$
1.80

Awards excluded from diluted earnings per share calculation(1)

 
63,897

 

 
2,681

(1)
Outstanding awards that are not "in-the-money" are excluded from the diluted earnings per share calculation because the effect of including them would have been anti-dilutive.