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Earnings Per Share
3 Months Ended
Mar. 31, 2020
Earnings Per Share [Abstract]  
Earnings Per Share

19.

Earnings Per Share

 

 

The following table summarizes our net income and the number of common shares used in the computation of basic and diluted income per common share, which includes the weighted average number of common shares outstanding and the effect of dilutive potential common shares, if any.

 

 

 

For the Three Months Ended March 31,

 

 

(Amounts in thousands, except per share amounts)

 

2020

 

 

2019

 

 

Numerator:

 

 

 

 

 

 

 

 

 

Continuing Operations:

 

 

 

 

 

 

 

 

 

Net income from continuing operations attributable to common stockholders

 

$

1,968

 

 

$

1,809

 

 

Earnings allocated to unvested participating securities

 

 

(11

)

 

 

(9

)

 

Numerator for income from continuing operations per common share - basic and diluted

 

 

1,957

 

 

 

1,800

 

 

Discontinued Operations:

 

 

 

 

 

 

 

 

 

Income from discontinued operations attributable to common stockholders

 

 

1,380

 

 

 

1,900

 

 

Earnings allocated to unvested participating securities

 

 

(7

)

 

 

(10

)

 

Numerator for income from discontinued operations per common share - basic and diluted

 

 

1,373

 

 

 

1,890

 

 

Numerator for income per common share - basic and diluted

 

$

3,330

 

 

$

3,690

 

 

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

Denominator for basic income per common share - weighted average shares

 

 

227,769

 

 

 

233,419

 

 

Effect of dilutive stock-based compensation plans (1)

 

 

36

 

 

 

39

 

 

Denominator for diluted income per common share - weighted average shares

 

 

227,805

 

 

 

233,458

 

 

 

 

 

 

 

 

 

 

 

 

Income per Common Share - Basic and Diluted:

 

 

 

 

 

 

 

 

 

Continuing operations, net

 

$

0.01

 

 

$

0.01

 

 

Discontinued operations, net

 

 

0.00

 

 

 

0.01

 

 

Income per common share - basic and diluted

 

$

0.01

 

 

$

0.02

 

 

 

(1)

The effect of dilutive securities excludes 25,485 and 27,561 weighted average share equivalents for the three months ended March 31, 2020 and 2019, respectively, as their effect was anti-dilutive.