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Earnings per Share
 3 Months Ended
Mar. 31, 2016
Earnings Per Share [Abstract]  
Earnings per Share
Earnings per Share
Basic earnings per share is computed by dividing net income, after the deduction of preferred stock dividends and undistributed earnings allocated to participating securities, by the weighted average number of common shares outstanding during the period. Diluted earnings per share assumes the issuance of common stock for all potentially dilutive share equivalents outstanding not classified as participating securities. Participating securities are defined as unvested stock-based payment awards that contain nonforfeitable rights to dividends.
 
 
Three Months Ended March 31,
(In thousands, except per share amounts)
 
2016
 
2015
Net income attributable to continuing operations
 
$
12,683

 
$
9,316

Preferred stock dividends
 
(10
)
 
(10
)
Income from continuing operations available to common equity
 
12,673

 
9,306

Dividends and undistributed earnings allocated to participating securities
 
(20
)
 
(28
)
Income from continuing operations available to common shareholders
 
12,653

 
9,278

 
 
 
 
 
Net (loss) income attributable to discontinued operations
 
$
(932
)
 
$
366

Preferred stock dividends
 
—

 
—

(Loss) income from discontinued operations available to common equity
 
(932
)
 
366

Dividends and undistributed earnings allocated to participating securities
 
1

 
(1
)
(Loss) income from discontinued operations available to common shareholders
 
(931
)
 
365

 
 
 
 
 
Basic weighted-average shares outstanding
 
37,330

 
37,356

Stock options and other stock compensation
 
429

 
493

Diluted weighted-average shares outstanding
 
37,759

 
37,849

Antidilutive stock options
 
893

 
495

 
 
 
 
 
Earnings per share attributable to continuing operations:
 
 
 
 
Basic
 
$
0.34

 
$
0.25

Diluted
 
$
0.34

 
$
0.25

 
 
 
 
 
(Loss) earnings per share attributable to discontinued operations:
 
 
 
 
Basic
 
$
(0.03
)
 
$
0.01

Diluted
 
$
(0.03
)
 
$
0.01