Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE

v3.10.0.1
EARNINGS PER SHARE
 6 Months Ended
Jun. 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 earnings per share from continuing operations, discontinued operations and total net income available to common shareholders for the three and six months ended June 30, 2018 and 2017 (dollars in thousands except per share data):
 

 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2018
2017
 
2018
2017
Net Income:
 
 
 
 
 
  Income from continuing operations
$
49,800

$
17,482

 
$
66,374

$
36,683

  Income (loss) from discontinued operations
(2,473
)
474

 
(2,408
)
397

  Net income available to common shareholders
$
47,327

$
17,956

 
$
63,966

$
37,080

 
 
 
 
 
 
 
 
 
 
 
 
Weighted average shares outstanding, basic
$
65,919

$
43,693

 
$
65,738

$
43,674

  Dilutive effect of stock awards and warrants
47

91

 
64

81

Weighted average shares outstanding, diluted
$
65,966

$
43,784

 
$
65,802

43,755

 
 
 
 
 
 
 
 
 
 
 
 
Basic earnings per share:
 
 
 
 
 
  Earnings per share from continuing operations
$
0.76

$
0.40

 
$
1.01

$
0.84

  Earnings per share from discontinued operations
(0.04
)
0.01

 
(0.04
)
0.01

  Earnings per share available to common shareholders
$
0.72

$
0.41

 
$
0.97

$
0.85

 
 
 
 
 
 
Diluted earnings per share:
 
 
 
 
 
  Earnings per share from continuing operations
$
0.75

$
0.40

 
$
1.01

$
0.84

  Earnings per share from discontinued operations
(0.03
)
0.01

 
(0.04
)
0.01

  Earnings per share available to common shareholders
$
0.72

$
0.41

 
$
0.97

$
0.85