Annual report pursuant to Section 13 and 15(d)

Earnings per Share (Tables)

v3.19.3.a.u2
Earnings per Share (Tables)
12 Months Ended
Dec. 31, 2019
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:

 

 

 

 

 

 

 

Weighted-

 

 

 

 

 

 

 

Net

 

 

Average

 

 

Per

 

 

 

Income

 

 

Shares

 

 

Share

 

 

 

(Numerator)

 

 

(Denominator)

 

 

Amount (1)

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31, 2017

 

 

 

 

 

 

 

 

 

 

 

 

Basic EPS

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

54,660

 

 

 

32,071,585

 

 

$

1.71

 

Less: income allocated to unvested restricted stock

 

 

339

 

 

 

32,071,585

 

 

 

0.01

 

Basic EPS

 

$

54,321

 

 

 

32,071,585

 

 

$

1.70

 

Effect of dilutive securities - options and unvested restricted stock

 

 

 

 

 

178,333

 

 

 

 

Diluted EPS

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

54,660

 

 

 

32,249,918

 

 

$

1.70

 

Less: income allocated to unvested restricted stock

 

 

339

 

 

 

32,249,918

 

 

 

0.01

 

Diluted EPS

 

$

54,321

 

 

 

32,249,918

 

 

$

1.69

 

 

(1)

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