Earnings Per Share

12 Months Ended

Dec. 31, 2019

Earnings Per Share [Abstract]

Earnings Per Share

7. Earnings per Share.

The following details the computations of the basic and diluted earnings per common share (in thousands, except per share amounts):

	Years Ended December 31
	2019		2018		2017
Common shares:
Weighted average common shares
outstanding during the period -
shares used for basic earnings
per common share		9,883		10,040		9,975
Common shares issuable under share
based payment plans which are
potentially dilutive		43		65		65
Common shares used for diluted
earnings per common share		9,926		10,105		10,040
Income from continuing operations		8,822		959		49,548
Discontinued operations		6,856		122,129		11,003
Net income attributable to the Company		16,177		124,472		41,750
Basic earnings per common share:
Income from continuing operations	$	0.89		0.10		4.97
Discontinued operations	$	0.69		12.16		1.10
Net income attributable to the Company	$	1.64		12.40		4.19
Diluted earnings per common share
Income from continuing operations	$	0.89		0.09		4.94
Discontinued operations	$	0.69		12.09		1.10
Net income attributable to the Company	$	1.63		12.32		4.16

For 2019 and 2018, 19,950 and 22,470 shares, respectively, attributable to outstanding stock options were excluded from the calculation of diluted earnings per share because their inclusion would have been anti-dilutive.

During 2019 the Company repurchased 169,251 shares at an average cost of $48.51.