Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE

v3.19.1
EARNINGS PER SHARE
 3 Months Ended
Mar. 31, 2019
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 months ended March 31, 2019 and 2018 (dollars in thousands except per share data):
 
 
Three Months Ended
 
March 31,
 
2019
2018
Net Income:
 
 
  Income from continuing operations
$
35,716

$
16,575

  Income (loss) from discontinued operations
(85
)
64

  Net income available to common shareholders
$
35,631

$
16,639

 
 
 
 
 
 
Weighted average shares outstanding, basic
76,472

65,555

  Dilutive effect of stock awards and warrants
61

81

Weighted average shares outstanding, diluted
76,533

65,636

 
 
 
 
 
 
Basic EPS:
 
 
  EPS from continuing operations
$
0.47

$
0.25

  EPS from discontinued operations
—

—

  EPS available to common shareholders
$
0.47

$
0.25

 
 
 
Diluted EPS:
 
 
  EPS from continuing operations
$
0.47

$
0.25

  EPS from discontinued operations
—

—

  EPS available to common shareholders
$
0.47

$
0.25