Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share (Tables)

v3.19.3
Earnings Per Share (Tables)
 6 Months Ended
Jun. 30, 2019
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted
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,
 
2019
 
2018
 
2019
 
2018
Basic EPS
(dollars in thousands, except per share amounts)
Net income
$
2,656

 
$
15,548

 
$
17,328

 
$
30,403

Less: income allocated to unvested restricted stock
16

 
96

 
99

 
185

Income allocated to common shares
$
2,640

 
$
15,452

 
$
17,229

 
$
30,218

Weighted-average shares for basic EPS
30,685,301

 
32,189,096

 
30,688,698

 
32,167,111

Basic EPS
$
0.09

 
$
0.48

 
$
0.56

 
$
0.94

 
 
 
 
 
 
 
 
Effect of dilutive securities-options and unvested restricted stock
42,380

 
147,679

 
40,322

 
149,537

 
 
 
 
 
 
 
 
Diluted EPS
 
 
 
 
 
 
 
Income allocated to common shares
2,640

 
15,452

 
17,229

 
30,218

Weighted-average shares for diluted EPS
30,727,681

 
32,336,775

 
30,729,020

 
32,316,648

Diluted EPS
$
0.09

 
$
0.48

 
$
0.56

 
$
0.94


(1) 
Per share amounts may not be able to be recalculated using net income and weighted-average shares presented above due to rounding.