Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE

v3.10.0.1
EARNINGS PER SHARE
 9 Months Ended
Sep. 30, 2018
Earnings Per Share [Abstract]  
EARNINGS PER SHARE
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 nine months ended September 30, 2018 and 2017 (dollars in thousands except per share data):
 
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2018
2017
 
2018
2017
Net Income:
 
 
 
 
 
  Income from continuing operations
$
38,762

$
20,420

 
$
105,136

$
57,084

  Income (loss) from discontinued operations
(565
)
238

 
(2,973
)
653

  Net income available to common shareholders
$
38,197

$
20,658

 
$
102,163

$
57,737

 
 
 
 
 
 
 
 
 
 
 
 
Weighted average shares outstanding, basic
$
65,975

$
43,707

 
$
65,818

$
43,685

  Dilutive effect of stock awards and warrants
38

85

 
55

83

Weighted average shares outstanding, diluted
$
66,013

$
43,792

 
$
65,873

43,768

 
 
 
 
 
 
 
 
 
 
 
 
Basic EPS:
 
 
 
 
 
  EPS from continuing operations
$
0.59

$
0.46

 
$
1.60

$
1.31

  EPS from discontinued operations
(0.01
)
0.01

 
(0.05
)
0.01

  EPS available to common shareholders
$
0.58

$
0.47

 
$
1.55

$
1.32

 
 
 
 
 
 
Diluted EPS:
 
 
 
 
 
  EPS from continuing operations
$
0.59

$
0.46

 
$
1.60

$
1.31

  EPS from discontinued operations
(0.01
)
0.01

 
(0.05
)
0.01

  EPS available to common shareholders
$
0.58

$
0.47

 
$
1.55

$
1.32