Earnings per Weighted Average Common Share (Tables)

9 Months Ended

Sep. 30, 2020

Earnings per Weighted Average Common Share

Computation of basic and diluted EPS

	Three Months Ended September 30,				Nine Months Ended September 30,
	2020		2019		2020		2019
Earnings attributable to common shareholders - basic and diluted:
Net income from continuing operations	$	44,742	$	15,619	$	85,246	$	71,499
Allocation of income for participating shares		(201)		(80)		(392)		(378)
Net income from continuing operations attributed to common shareholders	$	44,541	$	15,539	$	84,854	$	71,121
Earnings per share denominator - basic and diluted
Total weighted average common shares outstanding, including participating shares		14,974,636		15,299,689		15,155,969		15,275,322
Less: weighted average participating shares		(66,827)		(78,787)		(70,055)		(80,853)
Basic earnings per share denominator		14,907,809		15,220,902		15,085,914		15,194,469
Common equivalent shares- non-vested performance stock grants		122,468		140,006		118,241		142,862
Diluted earnings per share denominator		15,030,277		15,360,908		15,204,155		15,337,331
Basic earnings per share	$	2.99	$	1.02	$	5.62	$	4.68
Diluted earnings per share	$	2.96	$	1.01	$	5.58	$	4.64
Undistributed earnings attributable to common shareholders - basic and diluted:
Net income from continuing operations attributable to common shareholders -Basic	$	2.99	$	1.02	$	5.62	$	4.68
Dividends declared		(0.90)		(0.90)		(2.70)		(2.50)
Undistributed earnings	$	2.09	$	0.12	$	2.92	$	2.18
Net income from continuing operations attributable to common shareholders -Diluted	$	2.96	$	1.01	$	5.58	$	4.64
Dividends declared		(0.90)		(0.90)		(2.70)		(2.50)
Undistributed earnings	$	2.06	$	0.11	$	2.88	$	2.14