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Earnings Per Share
9 Months Ended
Sep. 30, 2018
Earnings Per Share [Abstract]  
Earnings Per Share

7.

EARNINGS PER SHARE

The following table sets forth the details of basic and diluted earnings per share (“EPS”) from continuing operations:

 

 

Three months ended

September 30

 

In thousands, except per share

2018

 

 

 

2017

 

Income (loss) from continuing operations

$

(705

)

 

 

$

5,045

 

Weighted average common shares

 

 

 

 

 

 

 

 

outstanding used in basic EPS

 

43,792

 

 

 

 

43,617

 

Effect of dilutive SOSARs,

 

 

 

 

 

 

 

 

PSAs and RSUs

 

 

 

 

 

565

 

Weighted average common shares

 

 

 

 

 

 

 

 

outstanding and common share

 

 

 

 

 

 

 

 

equivalents used in diluted EPS

 

43,792

 

 

 

 

44,182

 

Earnings (loss) per share from continuing operations

 

 

 

 

 

 

 

 

Basic

$

(0.02

)

 

 

$

0.12

 

Diluted

 

(0.02

)

 

 

 

0.11

 

 

 

 

 

Nine months ended

September 30

 

In thousands, except per share

2018

 

 

 

2017

 

Income from continuing operations

$

2,841

 

 

 

$

9,087

 

Weighted average common shares

 

 

 

 

 

 

 

 

outstanding used in basic EPS

 

43,754

 

 

 

 

43,601

 

Effect of dilutive SOSARs,

 

 

 

 

 

 

 

 

PSAs and RSUs

 

 

 

 

 

809

 

Weighted average common shares

 

 

 

 

 

 

 

 

outstanding and common share

 

 

 

 

 

 

 

 

equivalents used in diluted EPS

 

43,754

 

 

 

 

44,410

 

Earnings per share from continuing operations

 

 

 

 

 

 

 

 

Basic

$

0.06

 

 

 

$

0.21

 

Diluted

 

0.06

 

 

 

 

0.21

 

 

The denominator used to compute per share amounts of loss from discontinued operations is the same as the denominator used for per share amount of income from continuing operations. The numerator used to compute per share income or loss from discontinued operations is summarized below:

 

 

2018

 

 

2017

 

In thousands

 

Three months ended

September 30

 

Income (loss)

 

$

(95,126

)

 

$

7,060

 

 

 

 

 

 

 

 

 

 

 

 

Nine months ended

September 30

 

Income (loss)

 

$

(100,353

)

 

$

8,907

 

 

The following table sets forth potential common shares outstanding that were not included in the computation of diluted EPS for the periods indicated, because their effect would be anti-dilutive:

 

 

September 30

 

In thousands

2018

 

 

 

2017

 

Three months ended

 

2,393

 

 

 

 

967

 

Nine months ended

 

2,393

 

 

 

 

593