Earnings Per Share

6 Months Ended

Jun. 30, 2020

Earnings Per Share [Abstract]

Earnings Per Share

Note 11: Earnings Per Share

The table below sets forth the net income (loss) available to common shareholders and weighted average shares used for calculating basic and diluted earnings per share (“EPS”). The Company’s Series A and Series B common stock equally share in the distributed and undistributed earnings.

	Three Months Ended June 30,				Six Months Ended June 30,
	2020		2019		2020		2019
Earnings (Numerator)
Net income (loss) available to common shareholders	$	(3,414)	$	16,528	$	(5,035)	$	14,393
Shares (Denominator)
Weighted average common shares outstanding (basic and diluted)		21,410,423		21,525,971		21,410,423		21,578,014
Income (Loss) Per Share
Basic and diluted	$	(0.16)	$	0.77	$	(0.24)	$	0.67

There were no options or RSUs outstanding as of June 30, 2020 and 2019, that would result in dilution of shares or the calculation of EPS under the two-class method as prescribed under ASC 260 – Earnings Per Share.