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Summary of Significant Accounting Policies (Tables)
9 Months Ended
Sep. 30, 2015
Accounting Policies [Abstract]  
Computation of Basic and Diluted Earnings Per Share
The following table sets forth the computation of basic and diluted earnings per share for the three and nine months ended September 30, 2015 and 2014 (in thousands, except per share amounts):
 
Three Months Ended
 
Nine Months Ended
 
September 30,
 
September 30,
 
2015
 
2014
 
2015
 
2014
Numerator:
 
 
 
 
 
 
 
Income from continuing operations
$
13,545

 
$
7,995

 
$
30,923

 
$
20,337

Income from discontinued operations, net of tax

 
57,023

 

 
61,633

Net income
$
13,545

 
$
65,018

 
$
30,923

 
$
81,970

Denominator:
 
 
 
 
 
 
 
Weighted average shares outstanding – basic
27,811

 
31,347

 
28,072

 
32,267

Common stock equivalents
321

 
206

 
246

 
228

Weighted average shares outstanding – diluted
28,132

 
31,553

 
28,318

 
32,495

Earnings per share – basic:
 
 
 
 
 
 
 
From continuing operations
$
0.49

 
$
0.26

 
$
1.10

 
$
0.63

From discontinued operations

 
1.81

 

 
1.91

Earnings per share – basic
$
0.49

 
$
2.07

 
$
1.10

 
$
2.54

Earnings per share – diluted:
 
 
 
 
 
 
 
From continuing operations
$
0.48

 
$
0.25

 
$
1.09

 
$
0.63

From discontinued operations

 
1.81

 

 
1.89

Earnings per share – diluted
$
0.48

 
$
2.06

 
$
1.09

 
$
2.52

Summary of Cash Dividends Declared
The following summarizes the dividends declared for the three and nine months ended September 30, 2015 and 2014:
 
Three Months Ended
 
Nine Months Ended
 
September 30,
 
September 30,
 
2015
 
2014
 
2015
 
2014
Dividends declared per share
$
0.11

 
$
0.10

 
$
0.33

 
$
0.30