Annual report pursuant to Section 13 and 15(d)

EARNINGS PER SHARE

v3.10.0.1
EARNINGS PER SHARE
 12 Months Ended
Dec. 31, 2018
Earnings Per Share [Abstract]  
EARNINGS PER SHARE
EARNINGS PER SHARE
 
Basic EPS is computed by dividing net income available to common shareholders 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.
 
The following table presents earnings per share from continuing operations, discontinued operations and total net income available to common shareholders for the years ended December 31, (in thousands except per share data):
 
 
 
2018
 
2017
 
2016
Net Income:
 
 
 
 
 
     Income from continuing operations
$
149,413

 
$
72,176

 
$
75,898

     Income (loss) from discontinued operations
(3,165
)
 
747

 
1,578

     Net income available to common shareholders
$
146,248

 
$
72,923

 
$
77,476

 
 
 
 
 
 
Weighted average shares outstanding, basic
65,859

 
43,699

 
43,784

     Dilutive effect of stock awards and warrants
50

 
81

 
106

Weighted average shares outstanding, diluted
65,909

 
43,780

 
43,890

 
 
 
 
 
 
Basic EPS:
 
 
 
 
 
     EPS from continuing operations
$
2.27

 
$
1.65

 
$
1.73

     EPS from discontinued operations
$
(0.05
)
 
$
0.02

 
$
0.04

     EPS to common shareholders
$
2.22

 
$
1.67

 
$
1.77

 
 
 
 
 
 
Diluted EPS:
 
 
 
 
 
     EPS from continuing operations
$
2.27

 
$
1.65

 
$
1.73

     EPS from discontinued operations
$
(0.05
)
 
$
0.02

 
$
0.04

     EPS to common shareholders
$
2.22

 
$
1.67

 
$
1.77