Earnings Per Share

12 Months Ended

Dec. 31, 2014

Earnings Per Share [Abstract]

Earnings Per Share

Earnings Per Share

The computation of basic earnings per share of common stock is calculated by dividing net income by the weighted-average number of shares of the Company's common stock outstanding, as follows:

	Year Ended December 31,
(in thousands, except per share)	2014		2013		2012
Income from continuing operations, net of tax	$	15,193	$	21,341	$	14,224
Weighted-average number of common shares outstanding	12,334		13,251		13,032
Income from continuing operations, net of tax, per share	$	1.23	$	1.61	$	1.09
Net income from discontinued operations	$	9,977	$	20,688	$	12,257
Weighted-average number of common shares outstanding	12,334		13,251		13,032
Discontinued operations, net of tax, per share	$	0.81	$	1.56	$	0.94
Net income	$	25,170	$	42,029	$	26,481
Weighted-average number of common shares outstanding	12,334		13,251		13,032
Net income per share	$	2.04	$	3.17	$	2.03

Diluted earnings per share gives effect to dilutive potential common shares outstanding during the reporting period. The Company had potentially dilutive common share equivalents, in the form of outstanding stock options (see Note 15 - "Stock-Based Compensation"), during the years ended December 31, 2014, 2013 and 2012, although none were dilutive because the exercise price of these equivalents exceeded the market value of the Company's common stock during those periods. As of December 31, 2014, stock options for an aggregate of 38,100 shares are excluded from the calculations above.