Quarterly report pursuant to Section 13 or 15(d)

Earnings per Share (Tables)

v3.20.2
Earnings per Share (Tables)
6 Months Ended
Jun. 30, 2020
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,

 

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Basic EPS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

9,175

 

 

$

2,656

 

 

$

11,526

 

 

$

17,328

 

Less: income allocated to unvested restricted stock

 

 

55

 

 

 

16

 

 

 

80

 

 

 

99

 

Income allocated to common shares

 

$

9,120

 

 

$

2,640

 

 

$

11,446

 

 

$

17,229

 

Weighted-average shares for basic EPS

 

 

30,426,967

 

 

 

30,685,301

 

 

 

30,447,984

 

 

 

30,688,698

 

Basic EPS (1)

 

$

0.30

 

 

$

0.09

 

 

$

0.38

 

 

$

0.56

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Effect of dilutive stock options

 

 

 

 

 

42,380

 

 

 

2,247

 

 

 

40,322

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income allocated to common shares

 

$

9,120

 

 

$

2,640

 

 

$

11,446

 

 

$

17,229

 

Weighted-average shares for diluted EPS

 

 

30,426,967

 

 

 

30,727,681

 

 

 

30,450,231

 

 

 

30,729,020

 

Diluted EPS (1)

 

$

0.30

 

 

$

0.09

 

 

$

0.38

 

 

$

0.56