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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, 2016 $ 236 $ 37,019 $ 70,067 $ (61) $ 107,261
Beginning Balance (in shares) at Dec. 31, 2016 23,642,510        
Stockholders' Equity          
Net income     31,897   31,897
Stock based compensation expense   718     718
Vesting of restricted stock $ 2 (2)      
Vesting of restricted stock (in shares) 172,372        
Stock option exercise $ 2 683     685
Stock option exercise (in shares) 260,000        
Other comprehensive income (loss)       (7) (7)
Dividends on common stock     (5,439)   (5,439)
Ending Balance at Dec. 31, 2017 $ 240 38,418 96,525 (68) 135,115
Ending Balance (in shares) at Dec. 31, 2017 24,074,882        
Stockholders' Equity          
Net income     41,334   41,334
Stock based compensation expense   1,499     1,499
Vesting of restricted stock $ 2 (2)      
Vesting of restricted stock (in shares) 183,180        
Impact of adoption of new accounting standard | 2018-02     (13) 13  
Other comprehensive income (loss)       (49) (49)
Dividends on common stock     (9,291)   (9,291)
Ending Balance at Dec. 31, 2018 $ 242 39,915 128,555 (104) 168,608
Ending Balance (in shares) at Dec. 31, 2018 24,258,062        
Stockholders' Equity          
Net income     44,718   44,718
Stock based compensation expense   1,526     1,526
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)        
Issuance of common stock through IPO, net of expenses of $1.6 million $ 12 13,899     13,911
Issuance of common stock through IPO, net of expenses of $1.6 million (in shares) 1,224,513        
Impact of adoption of new accounting standard | 2016-02     (255)   (255)
Other comprehensive income (loss)       103 103
Dividends on common stock     (10,402)   (10,402)
Ending Balance at Dec. 31, 2019 $ 255 $ 53,854 $ 162,616 $ (1) $ 216,724
Ending Balance (in shares) at Dec. 31, 2019 25,529,891