Earnings Per Share

3 Months Ended

Mar. 31, 2017

The computations of basic and diluted earnings per share are noted below. Basic earnings per share is computed by dividing the net income available to common stockholders by the weighted average number of common shares outstanding during the period. Diluted earnings per share reflects the potential dilution that could occur if securities or other contracts were exercised or converted into common stock. RSAs are included in the weighted average common shares outstanding because the shares have all the same voting and dividend rights as issued and unrestricted common stock. RSUs are not included in diluted shares for financial reporting until authorized by the Compensation & Organization Committee of the Board of Directors.

There were no shares of Stock Appreciation Rights (SARs) outstanding as of March 31, 2017 and as of March 31, 2016.



	Three Months Ended March 31
	2017		2016
	(In thousands, except per share data)
Net income (loss) available to common stockholders	$	1,132	$	(798	)
Weighted average common shares outstanding, basic	47,984		47,905
Dilutive SARs (treasury method)	—		—
Weighted average common shares outstanding, dilutive	47,984		47,905
Earnings (loss) per share - basic	$	0.02	$	(0.02	)
Earnings (loss) per share - diluted	$	0.02	$	(0.02	)