Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE

v3.19.2
EARNINGS PER SHARE
6 Months Ended
Jun. 30, 2019
Earnings Per Share [Abstract]  
EARNINGS PER SHARE

13. EARNINGS PER SHARE

Basic EPS is computed by dividing net income available to common stockholders by the weighted average number of common shares outstanding during the period. Diluted EPS is computed using the weighted average number of common shares outstanding during the period, including the effect of dilutive potential common shares outstanding attributable to stock awards and warrants.

The following table presents EPS from continuing operations, discontinued operations and total net income available to common shareholders for the three and six months ended June 30, 2019 and 2018 (dollars in thousands except per share data):

Three Months Ended

    

Six Months Ended

June 30, 

June 30, 

2019

2018

2019

2018

Net Income:

Income from continuing operations

$

48,908

$

49,800

$

84,623

$

66,374

Income (loss) from discontinued operations

 

(85)

 

(2,473)

 

(170)

 

(2,408)

Net income available to common shareholders

$

48,823

$

47,327

$

84,453

$

63,966

Weighted average shares outstanding, basic

 

82,062

 

65,919

 

79,283

 

65,738

Dilutive effect of stock awards and warrants

 

63

 

47

 

62

 

64

Weighted average shares outstanding, diluted

 

82,125

 

65,966

 

79,345

 

65,802

Basic EPS:

 

  

 

  

 

  

 

  

EPS from continuing operations

$

0.59

$

0.76

$

1.06

$

1.01

EPS from discontinued operations

 

 

(0.04)

 

 

(0.04)

EPS available to common shareholders

$

0.59

$

0.72

$

1.06

$

0.97

Diluted EPS:

 

  

 

  

 

  

 

  

EPS from continuing operations

$

0.59

$

0.75

$

1.06

$

1.01

EPS from discontinued operations

 

 

(0.03)

 

 

(0.04)

EPS available to common shareholders

$

0.59

$

0.72

$

1.06

$

0.97