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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
12 Months Ended
Dec. 31, 2015
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:

 

 

 

Years Ended December 31,

 

(In thousands, except per share amounts)

 

2015

 

 

2014

 

 

2013

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Income from continuing operations

 

$

38,129

 

 

$

38,523

 

 

$

64,298

 

Loss from discontinued operations, net of provision for

   income taxes

 

 

 

 

 

 

 

 

(3,808

)

Loss on sale of discontinued operations, net of provision

   for income taxes

 

 

 

 

 

 

 

 

(4,837

)

Net income

 

$

38,129

 

 

$

38,523

 

 

$

55,653

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding

 

 

33,633

 

 

 

32,887

 

 

 

32,306

 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

 

 

 

 

Stock options and performance stock units

 

 

437

 

 

 

497

 

 

 

251

 

Denominator for diluted earnings per share

 

 

34,070

 

 

 

33,384

 

 

 

32,557

 

Earnings per share - continuing operations:

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

1.13

 

 

$

1.17

 

 

$

1.99

 

Diluted

 

$

1.12

 

 

$

1.15

 

 

$

1.97

 

Loss per share - discontinued operations:

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

 

 

$

 

 

$

(0.27

)

Diluted

 

$

 

 

$

 

 

$

(0.27

)

Earnings per share - net income:

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

1.13

 

 

$

1.17

 

 

$

1.72

 

Diluted

 

$

1.12

 

 

$

1.15

 

 

$

1.71