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Earnings Per Share
 6 Months Ended
Jun. 30, 2019
Earnings Per Share [Abstract]  
Earnings Per Share

NOTE 5. Earnings Per Share

The following is a reconciliation of our earnings per share (in thousands, except for per share data):

 

 

Three Months Ended, June 30,

 

 

Six Months Ended, June 30,

 

 

2019

 

 

2018

 

 

2019

 

 

2018

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income from continuing operations for basic and diluted earnings per share

$

29,217

 

 

$

17,154

 

 

$

53,111

 

 

$

28,223

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income from discontinued operations for basic and diluted earnings per share

$

-

 

 

$

4,897

 

 

$

-

 

 

$

9,995

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

$

29,217

 

 

$

22,051

 

 

$

53,111

 

 

$

38,218

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding - basic

 

33,552

 

 

 

33,389

 

 

 

33,560

 

 

 

33,382

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Dilutive effect of  stock options and restricted stock

 

163

 

 

 

173

 

 

 

90

 

 

 

138

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding - diluted

 

33,715

 

 

 

33,562

 

 

 

33,650

 

 

 

33,520

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings per share from continuing operations

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

$

0.87

 

 

$

0.51

 

 

$

1.58

 

 

$

0.84

 

Diluted

$

0.87

 

 

$

0.51

 

 

$

1.58

 

 

$

0.84

 

Earnings per share from discontinued operations

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

$

-

 

 

$

0.15

 

 

$

-

 

 

$

0.30

 

Diluted

$

-

 

 

$

0.15

 

 

$

-

 

 

$

0.30

 

Earnings per share net income

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

$

0.87

 

 

$

0.66

 

 

$

1.58

 

 

$

1.14

 

Diluted

$

0.87

 

 

$

0.66

 

 

$

1.58

 

 

$

1.14

 

 

Under the May 28, 2019 authorization from the Company’s Board of Directors, in July 2019, we purchased an additional 444,509 shares of our Class A Common Stock for $17.7 million.