| Schedule of basic and diluted earnings per share |
Basic and diluted earnings per share were computed as follows (in thousands except share and per share amounts):
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Three Months Ended
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Nine Months Ended
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September 30,
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September 30,
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2015
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2014
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2015
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2014
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Income from continuing operations
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$
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16,630
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$
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6,470
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$
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19,460
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$
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4,560
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Loss from discontinued operations, net
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—
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(90)
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(230)
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(930)
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Net income - basic and diluted
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$
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16,630
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$
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6,380
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$
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19,230
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$
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3,630
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Weighted average number of common shares outstanding - basic
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37,681,765
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37,667,947
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37,672,570
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37,667,947
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Dilutive effect of common stock equivalents:
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Restricted stock awards
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201,619
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—
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67,963
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—
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Stock options
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24,400
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—
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8,223
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—
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Weighted average number of common shares outstanding - diluted
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37,907,784
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37,667,947
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37,748,756
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37,667,947
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Basic earnings (loss) per common share:
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Income from continuing operations
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$
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0.44
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$
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0.17
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$
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0.52
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$
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0.12
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Loss from discontinued operations, net
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—
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—
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(0.01)
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(0.02)
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Net income
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$
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0.44
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$
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0.17
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$
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0.51
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$
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0.10
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Diluted earnings (loss) per common share:
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Income from continuing operations
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$
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0.44
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$
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0.17
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$
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0.52
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$
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0.12
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Loss from discontinued operations, net
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—
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—
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(0.01)
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(0.02)
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Net income
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$
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0.44
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$
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0.17
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$
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0.51
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$
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0.10
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