Earnings Per Share

12 Months Ended

Dec. 31, 2016

11. EARNINGS PER SHARE

The following table sets forth the computation of basic and diluted income per share, including a reconciliation of net income and the number of shares used in computing basic and diluted income per share. Basic income per share is determined using the weighted average shares of common stock (including DSUs) outstanding during the period. Diluted income per share is determined using the weighted average shares of common stock (including DSUs) outstanding during the period, and assumes all potentially dilutive securities were converted into common shares at the earliest date possible. There were no potentially dilutive securities outstanding during the years ended December 31, 2016, 2015 and 2014.

		For the Year Ended December 31,
(Amounts in thousands, except share and per share amounts)		2016		2015		2014
	Income from continuing operations	$	86,477	$	76,907	$	67,396
	Income from discontinued operations		-		-		529
	Net income – basic and diluted	$	86,477	$	76,907	$	67,925

	Weighted average shares outstanding – basic and diluted		5,114,084		5,112,352		5,110,628

	Income from continuing operations	$	16.91	$	15.04	$	13.19
	Income from discontinued operations		-		-		0.10
	Net income per common share – basic and diluted	$	16.91	$	15.04	$	13.29