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Quarterly Results of Operations – Unaudited
 12 Months Ended
Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Results of Operations – Unaudited Quarterly Results of Operations – Unaudited
The following tables summarize the Company’s quarterly financial information.
2019 Quarter Ended
March 31June 30September 30December 31
(in thousands, except share and per share data)
Total revenues$40,880  $41,730  $43,397  $45,015  
Total costs and expenses(27,071) (28,115) (27,275) (29,724) 
Total other income and (expenses)1,723  (3,236) (1,338) (470) 
Net income15,532  10,379  14,784  14,821  
Net income available to common stockholders$15,434  $10,315  $14,689  $14,727  
Earnings per Common Share – Basic and Diluted:
Net income available to common stockholders, basic 1
$0.25  $0.16  $0.22  $0.22  
Net income available to common stockholders, diluted 1
$0.25  $0.16  $0.22  $0.22  
Basic Weighted Average Common Shares Outstanding61,456,965  63,780,645  65,724,426  66,706,245  
Diluted Weighted Average Common Shares Outstanding61,604,250  64,075,215  66,018,996  67,000,815  

2018 Quarter Ended
March 31June 30September 30December 31
(in thousands, except share and per share data)
Total revenues$37,107  $37,238  $37,899  $39,413  
Total costs and expenses(25,708) (25,099) (24,712) (26,912) 
Total other income and (expenses)(1,342) 7,998  (3,065) 10,471  
Net income10,057  20,137  10,122  22,972  
Net income available to common stockholders$9,992  $20,012  $10,056  $22,827  
Earnings per Common Share – Basic and Diluted:
Net income available to common stockholders, basic 1
$0.18  $0.35  $0.17  $0.38  
Net income available to common stockholders, diluted 1
$0.18  $0.35  $0.17  $0.38  
Basic Weighted Average Common Shares Outstanding55,127,580  56,698,959  58,369,252  59,689,965  
Diluted Weighted Average Common Shares Outstanding55,127,580  56,698,959  58,369,252  59,689,965  

1 The above quarterly income per share calculations are based on the weighted average number of common shares outstanding during each quarter. The income per share calculation for the years ended December 31, 2019 and 2018 in the consolidated statements of operations is based on the weighted average number of common shares outstanding for the years ended December 31, 2019 and 2018. The sum of the quarterly financial data may vary from the years ended December 31, 2019 and 2018 data due to rounding.