Earnings per Weighted Average Common Share (Tables)

6 Months Ended

Jun. 30, 2020

Earnings per Weighted Average Common Share

Computation of basic and diluted EPS

	Three Months Ended June 30,				Six Months Ended June 30,
	2020		2019		2020		2019
Earnings attributable to common shareholders - basic and diluted:
Net income from continuing operations	$	42,494	$	25,934	$	40,504	$	55,880
Allocation of income for participating shares		(195)		(134)		(190)		(300)
Net income from continuing operations attributed to common shareholders	$	42,299	$	25,800	$	40,314	$	55,580
Earnings per share denominator - basic and diluted
Total weighted average common shares outstanding, including participating shares		15,189,442		15,299,691		15,247,100		15,262,937
Less: weighted average participating shares		(69,403)		(78,869)		(71,691)		(81,903)
Basic earnings per share denominator		15,120,039		15,220,822		15,175,409		15,181,034
Common equivalent shares- non-vested performance stock grants		117,256		125,412		116,777		145,087
Diluted earnings per share denominator		15,237,295		15,346,234		15,292,186		15,326,121
Basic earnings per share	$	2.80	$	1.70	$	2.66	$	3.66
Diluted earnings per share	$	2.78	$	1.68	$	2.64	$	3.63
Undistributed earnings attributable to common shareholders - basic and diluted:
Net income from continuing operations attributable to common shareholders -Basic	$	2.80	$	1.70	$	2.66	$	3.66
Dividends declared		(0.90)		(0.80)		(1.80)		(1.60)
Undistributed earnings	$	1.90	$	0.90	$	0.86	$	2.06
Net income from continuing operations attributable to common shareholders -Diluted	$	2.78	$	1.68	$	2.64	$	3.63
Dividends declared		(0.90)		(0.80)		(1.80)		(1.60)
Undistributed earnings	$	1.88	$	0.88	$	0.84	$	2.03