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Earnings Per Share
12 Months Ended
Dec. 31, 2015
Earnings Per Share [Abstract]  
Earnings Per Share
14. EARNINGS PER SHARE

Diluted earnings per share reflects the potential dilution that could result if options or other contingently issuable shares were exercised or converted into common stock and notional shares from the Nonqualified Deferred Compensation Plan were granted. Diluted earnings per common share assumes the exercise of stock options using the treasury stock method.

 

     Year Ended December 31,  

(Amounts in thousands, except per share amounts)

   2015      2014      2013  

Earnings per common share—basic

        

Continuing Operations

   $ 2.29       $ 1.60       $ 1.56   

Discontinued Operations

     0.61         0.29         0.26   
  

 

 

    

 

 

    

 

 

 

Total earnings per common share—basic

   $ 2.90       $ 1.89       $ 1.82   
  

 

 

    

 

 

    

 

 

 

Earnings per common share—diluted

        

Continuing Operations

   $ 2.24       $ 1.57       $ 1.53   

Discontinued Operations

     0.59         0.28         0.25   
  

 

 

    

 

 

    

 

 

 

Total earnings per common share—diluted

   $ 2.83       $ 1.85       $ 1.78   
  

 

 

    

 

 

    

 

 

 

Weighted average number of shares outstanding:

        

Basic common

     83,420         84,007         78,875   

Dilutive impact of Equity Incentive Plans:

        

Common shares

     1,974         1,500         1,443   

Diluted common shares

     85,394         85,507         80,318   

Diluted earnings per share are computed using the weighted-average number of common shares and dilutive potential common shares outstanding during the period. Dilutive potential common shares result from the assumed exercise of outstanding stock options and unvested restricted stock, by application of the treasury stock method that have a dilutive effect on earnings per share and the notional shares of the Company in the West Corporation Nonqualified Deferred Compensation Plan. At December 31, 2015, 2014 and 2013, 2,210,894, 623,670 and 713,662 stock options were outstanding, respectively, with an exercise price equal to or exceeding the market value of our common stock that were therefore excluded from the computation of shares contingently issuable upon exercise of the options.