Quarterly report pursuant to Section 13 or 15(d)

Earnings per Share (Tables)

v3.20.2
Earnings per Share (Tables)
9 Months Ended
Sep. 30, 2020
Earnings Per Share [Abstract]  
Reconciliation of Components Used to Derive Basic and Diluted EPS

The following table is a reconciliation of the components used to derive basic and diluted EPS for the periods indicated:

 

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Basic EPS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

16,344

 

 

$

12,376

 

 

$

27,870

 

 

$

29,704

 

Less: income allocated to unvested restricted stock

 

 

98

 

 

 

101

 

 

 

346

 

 

 

193

 

Income allocated to common shares

 

$

16,246

 

 

$

12,275

 

 

$

27,524

 

 

$

29,511

 

Weighted-average shares for basic EPS

 

 

30,464,263

 

 

 

30,830,445

 

 

 

30,276,462

 

 

 

30,736,456

 

Basic EPS (1)

 

$

0.53

 

 

$

0.40

 

 

$

0.91

 

 

$

0.96

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Effect of dilutive stock options and unvested performance restricted stock

 

 

 

 

 

28,674

 

 

 

 

 

 

32,704

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted EPS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income allocated to common shares

 

$

16,246

 

 

$

12,275

 

 

$

27,524

 

 

$

29,511

 

Weighted-average shares for diluted EPS

 

 

30,464,263

 

 

 

30,859,119

 

 

 

30,276,462

 

 

 

30,769,160

 

Diluted EPS (1)

 

$

0.53

 

 

$

0.40

 

 

$

0.91

 

 

$

0.96

 

 

(1)

Per share amounts may not be able to be recalculated using net income and weighted-average shares presented above due to rounding.