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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
 9 Months Ended
Sep. 30, 2014
Accounting Policies [Abstract]  
Earnings (Loss) Per Share

The following table presents a reconciliation of the numerators and denominators of basic and diluted earnings (loss) per share of common stock based upon the two-class method:

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

September 30,

 

 

September 30,

 

(In thousands, except per share amounts)

2014

 

 

2013

 

 

2014

 

 

2013

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income from continuing operations

$

9,776

 

 

$

6,550

 

 

$

28,417

 

 

$

53,138

 

Loss from discontinued operations, net of income tax provision

 

—

 

 

 

68

 

 

 

—

 

 

 

7,102

 

Loss (gain) on disposal of discontinued operations

 

—

 

 

 

11

 

 

 

—

 

 

 

(783

)

Net income

$

9,776

 

 

$

6,471

 

 

$

28,417

 

 

$

46,819

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding

 

33,115

 

 

 

32,262

 

 

 

32,743

 

 

 

32,344

 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Stock options

 

228

 

 

 

295

 

 

 

290

 

 

 

204

 

Denominator for diluted earnings per share

 

33,343

 

 

 

32,557

 

 

 

33,033

 

 

 

32,548

 

Earnings per share - continuing operations

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic - as reported

$

0.30

 

 

$

0.20

 

 

$

0.87

 

 

$

1.64

 

Diluted - as reported

$

0.29

 

 

$

0.20

 

 

$

0.86

 

 

$

1.63

 

Loss per share - discontinued operations

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic - as reported

$

—

 

 

$

—

 

 

$

—

 

 

$

(0.20

)

Diluted - as reported

$

—

 

 

$

—

 

 

$

—

 

 

$

(0.19

)

Earnings per share - net income

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic - as reported

$

0.30

 

 

$

0.20

 

 

$

0.87

 

 

$

1.45

 

Diluted - as reported

$

0.29

 

 

$

0.20

 

 

$

0.86

 

 

$

1.44