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BASIC AND DILUTED EARNINGS PER COMMON SHARE
 9 Months Ended
Sep. 30, 2016
Earnings Per Share, Basic and Diluted [Abstract]  
BASIC AND DILUTED EARNINGS PER COMMON SHARE
BASIC AND DILUTED EARNINGS PER COMMON SHARE
Shares used in basic earnings per share are computed using the weighted average number of common shares outstanding during each period. Shares used in diluted earnings per share include the dilutive effect of unvested restricted stock under the Company’s Stock Plan using the treasury stock method. At September 30, 2016 and 2015, there were no outstanding stock options under the Company's Stock Plan.
For the three and nine months ended September 30, 2016, there are nil and 234,712 shares, respectively, of unvested restricted stock that could potentially dilute basic earnings per common share in the future that were excluded from the computation of diluted earnings per common share, as there effect would be anti-dilutive. No unvested restricted stock awards were excluded from the computation of diluted earnings per common share for the three and nine months ended September 30, 2015.





The components of basic and diluted earnings per common share for the three and nine months ended September 30, 2016 and 2015 were as follows:
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2016
 
2015
 
2016
 
2015
Numerator:
 
 
 
 
 
 
 
(Loss) Income from continuing operations, net of taxes
$
(4.5
)
 
$
7.9

 
$
16.9

 
$
33.1

Loss from discontinued operations, net of taxes
(0.2
)
 
(1.7
)
 
(2.3
)
 
(1.8
)
Net (loss) income
$
(4.7
)
 
$
6.2

 
$
14.6

 
$
31.3

Denominator:
 
 
 
 
 
 
 
Weighted average common shares outstanding – Basic
52,498,246

 
52,440,580

 
52,498,840

 
52,422,660

Effect of dilutive restricted stock
—

 
163,131

 
118,900

 
170,547

Weighted average common shares outstanding – Diluted
52,498,246

 
52,603,711

 
52,617,740

 
52,593,207

Basic (loss) earnings per common share:
 
 
 
 
 
 
 
Continuing operations
$
(0.09
)
 
$
0.15

 
$
0.32

 
$
0.63

Discontinued operations
—

 
(0.03
)
 
(0.04
)
 
(0.03
)
Net (loss) income
$
(0.09
)
 
$
0.12

 
$
0.28

 
$
0.60

Diluted (loss) earnings per common share:
 
 
 
 
 
 
 
Continuing operations
$
(0.09
)
 
$
0.15

 
$
0.32

 
$
0.63

Discontinued operations
—

 
(0.03
)
 
(0.04
)
 
(0.03
)
Net (loss) income
$
(0.09
)
 
$
0.12

 
$
0.28

 
$
0.60