Quarterly report pursuant to Section 13 or 15(d)

Earnings per Share (Tables)

v3.19.2
Earnings per Share (Tables)
6 Months Ended
Jun. 30, 2019
Earnings Per Share [Abstract]  
Computation of Earnings Per Share

The computation of EPS is as follows:

 

 

 

Three months ended

June 30,

 

 

Six months ended

June 30,

 

 

 

2019

 

 

2018

 

 

2019

 

 

2018

 

Numerator—basic and diluted:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

10,160

 

 

$

14,610

 

 

$

15,462

 

 

$

25,368

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average common shares - basic common stock (1)

 

 

21,815,634

 

 

 

21,172,170

 

 

 

21,783,150

 

 

 

21,099,566

 

Weighted-average common shares - diluted common stock

 

 

22,359,679

 

 

 

22,503,749

 

 

 

22,459,101

 

 

 

22,409,011

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income per share - basic common stock

 

$

0.47

 

 

$

0.69

 

 

$

0.71

 

 

$

1.20

 

Net income per share - diluted common stock

 

$

0.45

 

 

$

0.65

 

 

$

0.69

 

 

$

1.13

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator calculation from basic to diluted:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average common shares - basic common stock (1)

 

 

21,815,634

 

 

 

21,172,170

 

 

 

21,783,150

 

 

 

21,099,566

 

Stock options and other dilutive awards

 

 

544,045

 

 

 

1,331,579

 

 

 

675,951

 

 

 

1,309,445

 

Weighted-average common shares - diluted common stock

 

 

22,359,679

 

 

 

22,503,749

 

 

 

22,459,101

 

 

 

22,409,011

 

Shares excluded from diluted weighted-average shares:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Stock options

 

 

66,485

 

 

 

 

 

 

 

 

 

 

Restricted stock units and restricted stock awards

 

 

158,680

 

 

 

25,194

 

 

 

165,060

 

 

 

83,517

 

Shares excluded from diluted weighted-average shares

 

 

225,165

 

 

 

25,194

 

 

 

165,060

 

 

 

83,517

 

 

(1)

Unvested restricted stock units and restricted stock awards are not included as shares outstanding in the calculation of basic earnings per share. Vested restricted stock units and restricted stock awards are included in basic earnings per share if all vesting and performance criteria have been met. Performance-based restricted stock units and restricted stock awards are included in the number of shares used to calculate diluted earnings per share as long as all applicable performance criteria are met, and their effect is dilutive. Restricted stock awards are eligible to receive all dividends declared on the Company’s common shares during the vesting period; however, such dividends are not paid until the restrictions lapse.