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Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2020
Earnings Per Share [Abstract]  
Earnings Per Share

For the three months ended

June 30, 2020

Income

Shares

Per share

(numerator)

(denominator)

amount

(dollars in thousands except share and per share data)

Basic earnings per share from continuing operations

Net earnings available to common shareholders

$               20,283

57,489,719

$                  0.35

Effect of dilutive securities

Common stock options and restricted stock units

-

310,396

-

Diluted earnings per share

Net earnings available to common shareholders

$               20,283

57,800,115

$                  0.35

For the three months ended

June 30, 2020

Income

Shares

Per share

(numerator)

(denominator)

amount

(dollars in thousands except share and per share data)

Basic loss per share from discontinued operations

Net loss available to common shareholders

$                  (215)

57,489,719

$                      -

Effect of dilutive securities

Common stock options and restricted stock units

-

310,396

-

Diluted loss per share

Net loss available to common shareholders

$                  (215)

57,800,115

$                      -

For the three months ended

June 30, 2020

Income

Shares

Per share

(numerator)

(denominator)

amount

(dollars in thousands except share and per share data)

Basic earnings per share

Net earnings available to common shareholders

$               20,068

57,489,719

$                  0.35

Effect of dilutive securities

Common stock options and restricted stock units

-

310,396

-

Diluted earnings per share

Net earnings available to common shareholders

$               20,068

57,800,115

$                  0.35

Stock options for 488,500 shares, exercisable at prices between $6.75 and $7.36 per share, were outstanding at June 30, 2020, and included in the dilutive earnings per share computation. Stock options for 894,104 were anti-dilutive and not included in the earnings per share calculation.

For the six months ended

June 30, 2020

Income

Shares

Per share

(numerator)

(denominator)

amount

(dollars in thousands except share and per share data)

Basic earnings per share from continuing operations

Net earnings available to common shareholders

$               33,444

57,355,282

$                  0.58

Effect of dilutive securities

Common stock options and restricted stock units

-

501,509

-

Diluted earnings per share

Net earnings available to common shareholders

$               33,444

57,856,791

$                  0.58

For the six months ended

June 30, 2020

Income

Shares

Per share

(numerator)

(denominator)

amount

(dollars in thousands except share and per share data)

Basic loss per share from discontinued operations

Net loss available to common shareholders

$                  (785)

57,355,282

$                 (0.01)

Effect of dilutive securities

Common stock options and restricted stock units

-

501,509

-

Diluted loss per share

Net loss available to common shareholders

$                  (785)

57,856,791

$                 (0.01)

For the six months ended

June 30, 2020

Income

Shares

Per share

(numerator)

(denominator)

amount

(dollars in thousands except share and per share data)

Basic earnings per share

Net earnings available to common shareholders

$               32,659

57,355,282

$                  0.57

Effect of dilutive securities

Common stock options and restricted stock units

-

501,509

-

Diluted earnings per share

Net earnings available to common shareholders

$               32,659

57,856,791

$                  0.57

Stock options for 691,500 shares, exercisable at prices between $6.75 and $8.50 per share, were outstanding at June 30, 2020, and included in the dilutive earnings per share computation. Stock options for 691,104 were anti-dilutive and not included in the earnings per share calculation.

For the three months ended

June 30, 2019

Income

Shares

Per share

(numerator)

(denominator)

amount

(dollars in thousands except share and per share data)

Basic earnings per share from continuing operations

Net earnings available to common shareholders

$               10,594

56,702,182

$                  0.19

Effect of dilutive securities

Common stock options and restricted stock units

-

495,251

-

Diluted earnings per share

Net earnings available to common shareholders

$               10,594

57,197,433

$                  0.19

For the three months ended

June 30, 2019

Income

Shares

Per share

(numerator)

(denominator)

amount

(dollars in thousands except share and per share data)

Basic earnings per share from discontinued operations

Net earnings available to common shareholders

$                    756

56,702,182

$                  0.01

Effect of dilutive securities

Common stock options and restricted stock units

-

495,251

-

Diluted earnings per share

Net earnings available to common shareholders

$                    756

57,197,433

$                  0.01

For the three months ended

June 30, 2019

Income

Shares

Per share

(numerator)

(denominator)

amount

(dollars in thousands except share and per share data)

Basic earnings per share

Net earnings available to common shareholders

$               11,350

56,702,182

$                  0.20

Effect of dilutive securities

Common stock options and restricted stock units

-

495,251

-

Diluted earnings per share

Net earnings available to common shareholders

$               11,350

57,197,433

$                  0.20

Stock options for 984,104 shares, exercisable at prices between $6.75 and $8.57 per share, were outstanding at June 30, 2019, and included in the dilutive earnings per shares computation shares because the exercise price per share was less than the average market price. Stock options for 357,500 were anti-dilutive and not included in the earnings per share calculation.

For the six months ended

June 30, 2019

Income

Shares

Per share

(numerator)

(denominator)

amount

(dollars in thousands except share and per share data)

Basic earnings per share from continuing operations

Net earnings available to common shareholders

$               28,005

56,612,596

$                  0.50

Effect of dilutive securities

Common stock options and restricted stock units

-

418,610

(0.01)

Diluted earnings per share

Net earnings available to common shareholders

$               28,005

57,031,206

$                  0.49

For the six months ended

June 30, 2019

Income

Shares

Per share

(numerator)

(denominator)

amount

(dollars in thousands except share and per share data)

Basic earnings per share from discontinued operations

Net earnings available to common shareholders

$                 1,275

56,612,596

$                  0.02

Effect of dilutive securities

Common stock options and restricted stock units

-

418,610

-

Diluted earnings per share

Net earnings available to common shareholders

$                 1,275

57,031,206

$                  0.02

For the six months ended

June 30, 2019

Income

Shares

Per share

(numerator)

(denominator)

amount

(dollars in thousands except share and per share data)

Basic earnings per share

Net earnings available to common shareholders

$               29,280

56,612,596

$                  0.52

Effect of dilutive securities

Common stock options and restricted stock units

-

418,610

(0.01)

Diluted earnings per share

Net earnings available to common shareholders

$               29,280

57,031,206

$                  0.51