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Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2020
Earnings Per Share [Abstract]  
Calculations of Basic and Diluted EPS The calculations of basic and diluted EPS were as follows:

 

 

 

For the Three Months Ended

 

 

For the Six Months Ended

Numerator:

 

June 30, 2020

 

 

June 30, 2019

 

 

June 30, 2020

 

 

June 30, 2019

 

 

Net Income

 

$

78,912

 

 

$

86,868

 

 

$

102,265

 

 

$

57,158

 

 

Less: Unrealized gain on financial instruments, net of tax

 

 

-

 

 

 

(43,379

)

 

 

-

 

 

 

-

 

 

Diluted Net income

 

$

78,912

 

 

$

43,489

 

 

$

102,265

 

 

$

57,158

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic EPS weighted average shares outstanding

 

 

26,129

 

 

 

25,851

 

 

 

26,048

 

 

 

25,794

 

 

Effect of dilutive warrants

 

 

9

 

 

 

1,089

 

 

 

4

 

 

 

-

 

 

Effect of dilutive restricted stock

 

 

44

 

 

 

13

 

 

 

22

 

 

 

127

 

 

Diluted EPS weighted average shares outstanding

 

 

26,182

 

 

 

26,953

 

 

 

26,074

 

 

 

25,921

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

3.02

 

 

$

3.36

 

 

$

3.93

 

 

$

2.22

 

 

Diluted

 

$

3.01

 

 

$

1.61

 

 

$

3.92

 

 

$

2.21