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EARNINGS PER COMMON SHARE (Tables)
3 Months Ended
Mar. 31, 2020
EARNINGS PER COMMON SHARE [Abstract]  
Components of Calculation of Earnings Per Share

The components of the calculation of basic earnings per share and diluted earnings per share are as follows:

 

 

 

 

 

 

 

 

 

 

Three Months Ended March 31,

 

 

 

2020

 

 

2019

Net income

 

$

33,019

 

$

10,897

 

 

 

 

 

 

 

Weighted average common shares outstanding:

 

 

 

 

 

 

Basic

 

 

29,154,639

 

 

29,181,233

Diluted

 

 

29,348,393

 

 

29,223,187

 

Reconciliations of the numerator of the basic and diluted earnings per share computations are as follows:

 

 

 

 

 

 

 

 

 

 

Three Months Ended March 31,

 

 

 

2020

 

 

2019

Net income allocated to:

 

 

 

 

 

 

Common Stockholders

 

$

32,961

 

$

10,879

Participating securities

 

 

58

 

 

18

 

 

$

33,019

 

$

10,897