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Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2020
Earnings Per Share [Abstract]  
Summary of Numerator and Denominator of Basic and Diluted Earnings Per Common Share

A summary of the numerator and denominator of the basic and diluted earnings per common share is presented below.

 

 

 

Three Months Ended

 

 

Three Months Ended

 

 

 

June 30, 2020

 

 

June 30, 2019

 

 

 

Income

 

 

Shares

 

 

Per Share

 

 

Income

 

 

Shares

 

 

Per Share

 

 

 

(Numerator)

 

 

(Denominator)

 

 

Amount

 

 

(Numerator)

 

 

(Denominator)

 

 

Amount

 

Net income

 

$

8,936

 

 

 

 

 

 

 

 

 

 

$

7,553

 

 

 

 

 

 

 

 

 

Less: Income attributable to participating

   securities

 

 

(465

)

 

 

 

 

 

 

 

 

 

 

(405

)

 

 

 

 

 

 

 

 

Basic Earnings Per Share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income allocated to common stockholders

 

 

8,471

 

 

 

7,324

 

 

$

1.16

 

 

 

7,148

 

 

 

7,666

 

 

$

0.93

 

Effect of Dilutive Securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Stock options

 

 

 

 

 

4

 

 

 

 

 

 

 

 

 

 

15

 

 

 

 

 

Convertible senior notes

 

 

1,948

 

 

 

2,357

 

 

 

 

 

 

 

1,871

 

 

 

2,346

 

 

 

 

 

Diluted Earnings Per Share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income available to common stockholders and

   assumed conversions

 

$

10,419

 

 

 

9,685

 

 

$

1.08

 

 

$

9,019

 

 

 

10,027

 

 

$

0.90

 

 

 

 

  

 

 

Six Months Ended

 

 

Six Months Ended

 

 

 

June 30, 2020

 

 

June 30, 2019

 

 

 

Income

 

 

Shares

 

 

Per Share

 

 

Income

 

 

Shares

 

 

Per Share

 

 

 

(Numerator)

 

 

(Denominator)

 

 

Amount

 

 

(Numerator)

 

 

(Denominator)

 

 

Amount

 

Net income

 

$

9,483

 

 

 

 

 

 

 

 

 

 

$

14,291

 

 

 

 

 

 

 

 

 

Less: Income attributable to participating

   securities

 

 

(472

)

 

 

 

 

 

 

 

 

 

 

(821

)

 

 

 

 

 

 

 

 

Basic Earnings Per Share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income allocated to common stockholders

 

 

9,011

 

 

 

7,347

 

 

$

1.23

 

 

 

13,470

 

 

 

7,701

 

 

$

1.75

 

Effect of Dilutive Securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Stock options

 

 

 

 

 

6

 

 

 

 

 

 

 

 

 

 

16

 

 

 

 

 

Convertible senior notes*

 

 

 

 

 

 

 

 

 

 

 

 

4,868

 

 

 

2,947

 

 

 

 

 

Diluted Earnings Per Share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income available to common stockholders and

   assumed conversions

 

$

9,011

 

 

 

7,353

 

 

$

1.23

 

 

$

18,338

 

 

 

10,664

 

 

$

1.72

 

 

 

*

For the six months ended June 30, 2020, convertible senior notes were excluded due to anti-dilutive effect.