Quarterly report pursuant to Section 13 or 15(d)

Earnings per Share (Tables)

v3.21.1
Earnings per Share (Tables)
3 Months Ended
Mar. 31, 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 March 31,

 

 

 

2021

 

 

2020

 

Basic EPS

 

 

 

 

 

 

 

 

Net income

 

$

16,659

 

 

$

2,350

 

Less: income allocated to unvested restricted stock

 

 

100

 

 

 

18

 

Income allocated to common shares

 

$

16,559

 

 

$

2,332

 

Weighted-average shares for basic EPS

 

 

30,461,681

 

 

 

30,469,022

 

Basic EPS (1)

 

$

0.54

 

 

$

0.08

 

 

 

 

 

 

 

 

 

 

Effect of dilutive stock options and unvested performance restricted stock

 

 

12,289

 

 

 

3,877

 

 

 

 

 

 

 

 

 

 

Diluted EPS

 

 

 

 

 

 

 

 

Income allocated to common shares

 

$

16,559

 

 

$

2,332

 

Weighted-average shares for diluted EPS

 

 

30,473,970

 

 

 

30,472,899

 

Diluted EPS (1)

 

$

0.54

 

 

$

0.08

 

 

(1)

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