Earnings per Share

6 Months Ended

Jun. 30, 2020

Earnings Per Share [Abstract]

Earnings per Share

(6) Earnings per Share.

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

	Three Months ended				Six Months ended
	June 30,				June 30,
	2020		2019		2020		2019
Weighted average common shares
outstanding during the period
- shares used for basic
earnings per common share		9,620		9,915		9,712		9,933
Common shares issuable under
share based payment plans
which are potentially dilutive		29		45		32		45
Common shares used for diluted
earnings per common share		9,649		9,960		9,744		9,978
Income from continuing operations	$	3,977		2,952		5,476		4,593
Discontinued operations	$	—		6,776		—		6,862
Net income attributable to the Company	$	4,149		9,825		5,767		11,723
Basic earnings per common share:
Income from continuing operations	$	0.41		0.30		0.56		0.46
Discontinued operations	$	—		0.68		—		0.69
Net income attributable to the Company	$	0.43		0.99		0.59		1.18
Diluted earnings per common share:
Income from continuing operations	$	0.41		0.30		0.56		0.46
Discontinued operations	$	—		0.68		—		0.69
Net income attributable to the Company	$	0.43		0.99		0.59		1.17

For the three and six months ended June 30, 2020, 2020, 74,065 and 53,545 shares attributable to outstanding stock options were excluded from the calculation of diluted earnings per share because their inclusion would have been anti-dilutive. For the three and six months ended June 30, 2019, 19,950 shares attributable to outstanding stock options were excluded from the calculation of diluted earnings per share because their inclusion would have been anti-dilutive.

During the first six months the Company repurchased 298,303 shares at an average cost of $41.41.