Earnings per Weighted Average Common Share (Tables)

9 Months Ended

Sep. 30, 2022

Earnings per Weighted Average Common Share

Computation of basic and diluted EPS

	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Earnings attributable to common shareholders - basic and diluted:
Net income from continuing operations	$	6,192	$	24,820	$	21,931	$	98,661
Allocation of income for participating shares		(27)		(107)		(96)		(434)
Net income from continuing operations attributed to common shareholders	$	6,165	$	24,713	$	21,835	$	98,227
Earnings per share denominator - basic and diluted
Total weighted average common shares outstanding, including participating shares		14,663,455		15,047,779		14,673,795		14,892,515
Less: weighted average participating shares		(64,319)		(65,374)		(65,204)		(66,000)
Basic earnings per share denominator		14,599,136		14,982,405		14,608,591		14,826,515
Common equivalent shares- non-vested performance stock grants		112,601		97,624		104,961		96,355
Diluted earnings per share denominator		14,711,737		15,080,029		14,713,552		14,922,870
Basic earnings per share	$	0.42	$	1.65	$	1.49	$	6.63
Diluted earnings per share	$	0.42	$	1.64	$	1.48	$	6.58
Undistributed earnings attributable to common shareholders - basic and diluted:
Net income from continuing operations attributable to common shareholders -Basic	$	0.42	$	1.65	$	1.49	$	6.63
Dividends declared		(0.90)		(0.90)		(2.70)		(2.70)
Undistributed earnings	$	(0.48)	$	0.75	$	(1.21)	$	3.93
Net income from continuing operations attributable to common shareholders -Diluted	$	0.42	$	1.64	$	1.48	$	6.58
Dividends declared		(0.90)		(0.90)		(2.70)		(2.70)
Undistributed earnings	$	(0.48)	$	0.74	$	(1.22)	$	3.88