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CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY - USD ($)
$ in Thousands
Common Stock
Additional Paid-in Capital
Retained Earnings
Accumulated Other Comprehensive Income (Loss)
Total
Beginning Balance at Dec. 31, 2017 $ 240 $ 38,418 $ 96,525 $ (68) $ 135,115
Beginning Balance (in shares) at Dec. 31, 2017 24,074,882        
Stockholders' Equity          
Stock based compensation expense   924     924
Vesting of restricted stock $ 2 (2)      
Vesting of restricted stock (in shares) 183,180        
Net income     31,598   31,598
Impact of adoption of new accounting standard | Accounting Standards Update 2018-02     (13) 13  
Other comprehensive income (loss)       (77) (77)
Dividends on common stock     (6,838)   (6,838)
Ending Balance at Sep. 30, 2018 $ 242 39,340 121,272 (132) 160,722
Ending Balance (in shares) at Sep. 30, 2018 24,258,062        
Beginning Balance at Jun. 30, 2018 $ 242 38,765 113,873 (129) 152,751
Beginning Balance (in shares) at Jun. 30, 2018 24,241,206        
Stockholders' Equity          
Stock based compensation expense   575     575
Vesting of restricted stock (in shares) 16,856        
Net income     9,853   9,853
Other comprehensive income (loss)       (3) (3)
Dividends on common stock     (2,454)   (2,454)
Ending Balance at Sep. 30, 2018 $ 242 39,340 121,272 (132) 160,722
Ending Balance (in shares) at Sep. 30, 2018 24,258,062        
Beginning Balance at Dec. 31, 2018 $ 242 39,915 128,555 (104) 168,608
Beginning Balance (in shares) at Dec. 31, 2018 24,258,062        
Stockholders' Equity          
Stock based compensation expense   1,097     1,097
Vesting of restricted stock $ 2 (2)      
Vesting of restricted stock (in shares) 157,316        
Repurchase and retirement of common stock $ (1) (1,484)     (1,485)
Repurchase and retirement of common stock (in shares) (110,000)        
Net income     34,048   34,048
Impact of adoption of new accounting standard | 2016-02     (362)   (362)
Other comprehensive income (loss)       105 105
Dividends on common stock     (7,589)   (7,589)
Ending Balance at Sep. 30, 2019 $ 243 39,526 154,652 1 194,422
Ending Balance (in shares) at Sep. 30, 2019 24,305,378        
Beginning Balance at Jun. 30, 2019 $ 243 39,096 144,989 (11) 184,317
Beginning Balance (in shares) at Jun. 30, 2019 24,305,378        
Stockholders' Equity          
Stock based compensation expense   430     430
Net income     12,356   12,356
Other comprehensive income (loss)       12 12
Dividends on common stock     (2,693)   (2,693)
Ending Balance at Sep. 30, 2019 $ 243 $ 39,526 $ 154,652 $ 1 $ 194,422
Ending Balance (in shares) at Sep. 30, 2019 24,305,378