Quarterly report pursuant to Section 13 or 15(d)

Earnings per Share (Tables)

v3.21.2
Earnings per Share (Tables)
6 Months Ended
Jun. 30, 2021
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 June 30,

 

 

Six Months Ended June 30,

 

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Basic EPS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

22,122

 

 

$

9,175

 

 

$

38,781

 

 

$

11,526

 

Less: income allocated to unvested restricted stock

 

 

175

 

 

 

55

 

 

 

295

 

 

 

80

 

Income allocated to common shares

 

$

21,947

 

 

$

9,120

 

 

$

38,486

 

 

$

11,446

 

Weighted-average shares for basic EPS

 

 

30,442,993

 

 

 

30,426,967

 

 

 

30,452,320

 

 

 

30,447,984

 

Basic EPS (1)

 

$

0.72

 

 

$

0.30

 

 

$

1.26

 

 

$

0.38

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Effect of dilutive stock options and unvested performance restricted stock

 

 

77,463

 

 

 

 

 

 

73,800

 

 

 

2,247

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted EPS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income allocated to common shares

 

$

21,947

 

 

$

9,120

 

 

$

38,486

 

 

$

11,446

 

Weighted-average shares for diluted EPS

 

 

30,520,456

 

 

 

30,426,967

 

 

 

30,526,120

 

 

 

30,450,231

 

Diluted EPS (1)

 

$

0.72

 

 

$

0.30

 

 

$

1.26

 

 

$

0.38

 

 

(1)

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