Earnings Per Share

12 Months Ended

Dec. 31, 2018

Earnings Per Share [Abstract]

Earnings Per Share

8. Earnings Per Share

The amounts used in computing earnings per share and the weighted average number of shares of potentially dilutive securities are as follows:

(in thousands, except market price and earnings per share)	2018	2017	2016
Net income attributable to the Company	$82,891	$33,111	$52,733
Weighted average number of shares:
Weighted average number of shares used in
calculating basic net income per share	32,252	32,169	32,086
Effect of dilutive stock-based compensation plans:
Stock options	15	30	39
Long-term incentive plan	28	45	45
Weighted average number of shares used in
calculating diluted net income per share	32,295	32,244	32,170
Average market price of common stock used
for calculation of dilutive shares	$66.95	$52.19	$40.25
Net income per share:
Basic	$2.57	$1.03	$1.64
Diluted	$2.57	$1.03	$1.64

Shares outstanding, net of treasury shares, were 32.3 million as of December 31, 2018, 32.2 million as of December 31, 2017, and 32.1 million as of December 31, 2016.