XML 34 R16.htm IDEA: XBRL DOCUMENT v3.19.2
Earnings Per Share
6 Months Ended
Jun. 30, 2019
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

June 30

 

In thousands, except per share

 

2019

 

 

2018

 

Income from continuing operations

 

$

6,293

 

 

$

1,280

 

Weighted average common shares

 

 

 

 

 

 

 

 

outstanding used in basic EPS

 

 

44,140

 

 

 

43,770

 

Effect of dilutive SOSARs,

 

 

 

 

 

 

 

 

PSAs and RSUs

 

 

242

 

 

 

717

 

Weighted average common shares

 

 

 

 

 

 

 

 

outstanding and common share

 

 

 

 

 

 

 

 

equivalents used in diluted EPS

 

 

44,382

 

 

 

44,487

 

Earnings per share from continuing operations

 

 

 

 

 

 

 

 

Basic

 

$

0.14

 

 

$

0.03

 

Diluted

 

 

0.14

 

 

 

0.03

 

 

 

 

Six months ended

June 30

 

In thousands, except per share

 

2019

 

 

2018

 

Income from continuing operations

 

$

10,896

 

 

$

3,544

 

Weighted average common shares

 

 

 

 

 

 

 

 

outstanding used in basic EPS

 

 

44,084

 

 

 

43,735

 

Effect of dilutive SOSARs,

 

 

 

 

 

 

 

 

PSAs and RSUs

 

 

267

 

 

 

796

 

Weighted average common shares

 

 

 

 

 

 

 

 

outstanding and common share

 

 

 

 

 

 

 

 

equivalents used in diluted EPS

 

 

44,351

 

 

 

44,531

 

Earnings per share from continuing operations

 

 

 

 

 

 

 

 

Basic

 

$

0.25

 

 

$

0.08

 

Diluted

 

 

0.25

 

 

 

0.08

 

 

The numerator used to compute income per share from discontinued operations was $(0.462) million and $(8.679) million for the second quarter of 2019 and 2018, respectively, and $0.221 million and $(5.227) million for the first six months of 2019 and 2018, respectively. The denominator used to compute per share amounts of loss from discontinued operations is the same as the denominator used for per share amounts of income from continuing operations.

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:

 

 

 

June 30

 

In thousands

 

2019

 

 

2018

 

Three months ended

 

 

1,233

 

 

 

2,393

 

Six months ended

 

 

1,233

 

 

 

2,393