Years Ended December 31,

2019

2018

2017

Earnings attributable to common shareholders - basic and diluted:

Net income from continuing operations

$

99,601

$

83,195

$

62,387

Allocation of income for participating shares

(523)

(496)

(392)

Net income from continuing operations attributed to common shareholders

$

99,078

$

82,699

$

61,995

Earnings per share denominator - basis and diluted

Total weighted average common shares outstanding, including participating shares

15,281,363

15,170,754

15,105,558

Less: weighted average participating shares

(80,231)

(90,485)

(94,807)

Basic earnings per share denominator

15,201,132

15,080,269

15,010,751

Common equivalent shares- stock options

—

Common equivalent shares- non-vested performance stock grants

136,675

149,629

124,597

Diluted earnings per share denominator

15,337,807

15,229,898

15,135,348

Basic earnings per share

$

6.52

$

5.48

$

4.13

Diluted earnings per share

$

6.46

$

5.43

$

4.10

Undistributed earnings attributable to common shareholders - basic and diluted:

Net income from continuing operations attributable to common shareholders -Basic

$

6.52

$

5.48

$

4.13

Dividends declared

(3.40)

(3.20)

(3.00)

Undistributed earnings

$

3.12

$

2.28

$

1.13

Net income from continuing operations attributable to common shareholders -Diluted

$