Annual report pursuant to Section 13 and 15(d)

EARNINGS PER SHARE

v3.19.3.a.u2
EARNINGS PER SHARE
12 Months Ended
Dec. 31, 2019
Earnings Per Share [Abstract]  
EARNINGS PER SHARE

18. 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):

    

2019

    

2018

    

2017

Net Income:

 

  

 

  

 

  

Income from continuing operations

$

193,698

$

149,413

$

72,176

Income (loss) from discontinued operations

 

(170)

 

(3,165)

 

747

Net income available to common shareholders

$

193,528

$

146,248

$

72,923

Weighted average shares outstanding, basic

 

80,201

 

65,859

 

43,699

Dilutive effect of stock awards and warrants

 

63

 

50

 

81

Weighted average shares outstanding, diluted

 

80,264

 

65,909

 

43,780

Basic EPS:

 

  

 

  

 

  

EPS from continuing operations

$

2.41

$

2.27

$

1.65

EPS from discontinued operations

(0.05)

0.02

EPS available to common shareholders

$

2.41

$

2.22

$

1.67

Diluted EPS:

 

  

 

  

 

  

EPS from continuing operations

$

2.41

$

2.27

$

1.65

EPS from discontinued operations

(0.05)

0.02

EPS available to common shareholders

$

2.41

$

2.22

$

1.67