Earnings Per Share

9 Months Ended

Sep. 30, 2015

Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]

Earnings Per Share [Text Block]

3. EARNINGS PER SHARE

Basic earnings per share are computed using net income and the weighted average number of common shares outstanding for each period presented. Diluted earnings per share are computed in the same manner, except it uses the weighted average number of common shares outstanding plus the effects of the assumed exercise of stock options and the payment of estimated stock awards from other stock-based compensation plans that are outstanding at the end of each period presented. Antidilutive stock options are excluded from the calculation of diluted earnings per common share. Diluted earnings (loss) per share are calculated as follows:

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
In thousands, except per share data	2015			2014			2015		2014
Net income (loss)	$	(6,685	)	$	(8,733	)	$	23,998	$	30,222
Average common shares outstanding - basic	27,363			27,189			27,336		27,145
Additional shares for stock-based compensation plans outstanding	—			—			63		50
Average common shares outstanding - diluted	27,363			27,189			27,399		27,195
Earnings (loss) per share of common stock - basic	$	(0.24	)	$	(0.32	)	$	0.88	$	1.11
Earnings (loss) per share of common stock - diluted	$	(0.24	)	$	(0.32	)	$	0.88	$	1.11
Additional information:
Antidilutive shares	91			80			19		24