Years Ended December 31,

2021

2020

2019

Earnings attributable to common shareholders - basic and diluted:

Net income from continuing operations

$

130,710

$

138,211

$

99,601

Allocation of income for participating shares

575

636

(523)

Net income from continuing operations attributed to common shareholders

$

131,285

$

138,847

$

99,078

Earnings per share denominator - basic and diluted

Total weighted average common shares outstanding, including participating shares

14,894,532

15,071,955

15,281,363

Less: weighted average participating shares

(65,796)

(69,200)

(80,231)

Basic earnings per share denominator

14,828,736

15,002,755

15,201,132

Common equivalent shares- non-vested performance stock grants

96,990

116,272

136,675

Diluted earnings per share denominator

14,925,726

15,119,027

15,337,807

Basic earnings per share

$

8.85

$

9.25

$

6.52

Diluted earnings per share

$

8.80

$

9.18

$

6.46

Undistributed earnings attributable to common shareholders - basic and diluted:

Net income from continuing operations attributable to common shareholders -basic

$

8.85

$

9.25

$

6.52

Dividends declared

(3.60)

(3.60)

(3.40)

Undistributed earnings

$

5.25

$

5.65

$

3.12

Net income from continuing operations attributable to common shareholders -diluted

$