Our calculation of basic and diluted earnings per share is as follows:



	Three Months Ended						Nine Months Ended
	September 30,						September 30,
In thousands, except per share data	2015			2014			2015			2014
Numerator
Income from continuing operations	$	37,592		$	22,123		$	32,396		$	73,562
Loss from discontinued operations, net of tax	(256		)	(4,233		)	(5,077		)	(10,744		)
Net income	$	37,336		$	17,890		$	27,319		$	62,818

Income from continuing operations	$	37,592		$	22,123		$	32,396		$	73,562
Dividends and undistributed income allocated to participating shares	(1,130		)	(739		)	(905		)	(2,294		)
Income from continuing operations to common shares - basic	36,462			21,384			31,491			71,268
Effect of reallocating undistributed income from continuing operations to participating shares	—			8			—			41
Income from continuing operations to common shares - diluted	$	36,462		$	21,392		$	31,491		$	71,309

Denominator
Weighted average common shares - basic	17,220			18,798			17,775			20,792
Dilutive effect of share-based payment awards	9			53			14			87
Dilutive effect of convertible debt	—			170			—			307
Weighted average common shares - diluted⁽¹⁾	17,229			19,021			17,789			21,186

Basic earnings (loss) per common share:
Continuing operations	$	2.12		$	1.14		$	1.77		$	3.43
Discontinued operations	(0.02		)	(0.23		)	(0.28		)	(0.52		)
Basic earnings per common share	$	2.10		$	0.91		$	1.49		$	2.91

Diluted earnings (loss) per common share:
Continuing operations	$	2.12		$	1.12		$	1.77		$	3.37
Discontinued operations	(0.02		)	(0.22		)	(0.29		)	(0.51		)
Diluted earnings per common share	$	2.10		$	0.90		$	1.48		$	2.86

Stock options and share-based awards not included in diluted EPS calculation because their effect would have be antidilutive	12			226			1			16


(1)	Participating securities were included in the calculation of diluted earnings per share using the two-class method, as this calculation was more dilutive than the calculation using the treasury stock method.