Annual report pursuant to Section 13 and 15(d)

Earnings per Share

v3.20.4
Earnings per Share
12 Months Ended
Dec. 31, 2020
Earnings Per Share [Abstract]  
Earnings per Share

Note 16 — Earnings per Share

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

 

 

 

 

 

 

 

Weighted-

 

 

 

 

 

 

 

Net

 

 

Average

 

 

Per

 

 

 

Income

 

 

Shares

 

 

Share

 

 

 

(Numerator)

 

 

(Denominator)

 

 

Amount (1)

 

Year Ended December 31, 2020

 

 

 

 

 

 

 

 

 

 

 

 

Basic EPS

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

42,196

 

 

 

30,280,415

 

 

$

1.39

 

Less: income allocated to unvested restricted stock

 

 

532

 

 

 

30,280,415

 

 

 

0.02

 

Basic EPS

 

$

41,664

 

 

 

30,280,415

 

 

$

1.38

 

Effect of dilutive securities - options and unvested restricted stock

 

 

 

 

 

 

 

 

 

Diluted EPS

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

42,196

 

 

 

30,280,415

 

 

$

1.39

 

Less: income allocated to unvested restricted stock

 

 

532

 

 

 

30,280,415

 

 

 

0.02

 

Diluted EPS

 

$

41,664

 

 

 

30,280,415

 

 

$

1.38

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31, 2019

 

 

 

 

 

 

 

 

 

 

 

 

Basic EPS

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

32,788

 

 

 

30,725,376

 

 

$

1.07

 

Less: income allocated to unvested restricted stock

 

 

230

 

 

 

30,725,376

 

 

 

0.01

 

Basic EPS

 

$

32,558

 

 

 

30,725,376

 

 

$

1.06

 

Effect of dilutive securities - options and unvested restricted stock

 

 

 

 

 

35,046

 

 

 

 

Diluted EPS

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

32,788

 

 

 

30,760,422

 

 

$

1.07

 

Less: income allocated to unvested restricted stock

 

 

230

 

 

 

30,760,422

 

 

 

0.01

 

Diluted EPS

 

$

32,558

 

 

 

30,760,422

 

 

$

1.06

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31, 2018

 

 

 

 

 

 

 

 

 

 

 

 

Basic EPS

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

57,868

 

 

 

31,924,863

 

 

$

1.81

 

Less: income allocated to unvested restricted stock

 

 

359

 

 

 

31,924,863

 

 

 

0.01

 

Basic EPS

 

$

57,509

 

 

 

31,924,863

 

 

$

1.80

 

Effect of dilutive securities - options and unvested restricted stock

 

 

 

 

 

126,470

 

 

 

 

Diluted EPS

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

57,868

 

 

 

32,051,333

 

 

$

1.80

 

Less: income allocated to unvested restricted stock

 

 

359

 

 

 

32,051,333

 

 

 

0.01

 

Diluted EPS

 

$

57,509

 

 

 

32,051,333

 

 

$

1.79

 

 

(1)

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

There were no anti-dilutive options outstanding for the years ended December 31, 2020, 2019 and 2018.