Earnings per Weighted Average Common Share (Tables)

6 Months Ended

Jun. 30, 2022

Earnings per Weighted Average Common Share

Computation of basic and diluted EPS

	Three Months Ended June 30,				Six Months Ended June 30,
	2022		2021		2022		2021
Earnings attributable to common shareholders - basic and diluted:
Net income from continuing operations	$	7,901	$	37,667	$	15,739	$	73,841
Allocation of income for participating shares		(36)		(166)		(71)		(310)
Net income from continuing operations attributed to common shareholders	$	7,865	$	37,501	$	15,668	$	73,531
Earnings per share denominator - basic and diluted
Total weighted average common shares outstanding, including participating shares		14,664,329		15,049,378		14,679,049		14,883,635
Less: weighted average participating shares		(65,272)		(66,013)		(65,650)		(66,323)
Basic earnings per share denominator		14,599,057		14,983,365		14,613,399		14,817,312
Common equivalent shares- non-vested performance stock grants		103,570		96,130		101,700		96,249
Diluted earnings per share denominator		14,702,627		15,079,495		14,715,099		14,913,561
Basic earnings per share	$	0.54	$	2.50	$	1.07	$	4.96
Diluted earnings per share	$	0.53	$	2.49	$	1.06	$	4.93
Undistributed earnings attributable to common shareholders - basic and diluted:
Net income from continuing operations attributable to common shareholders -Basic	$	0.54	$	2.50	$	1.07	$	4.96
Dividends declared		(0.90)		(0.90)		(1.80)		(1.80)
Undistributed earnings	$	(0.36)	$	1.60	$	(0.73)	$	3.16
Net income from continuing operations attributable to common shareholders -Diluted	$	0.53	$	2.49	$	1.06	$	4.93
Dividends declared		(0.90)		(0.90)		(1.80)		(1.80)
Undistributed earnings	$	(0.37)	$	1.59	$	(0.74)	$	3.13