Summary of Significant Accounting Policies (Tables)

9 Months Ended

Sep. 30, 2019

Summary of Cash and Cash Equivalents and Restricted Cash

The following table provides a reconciliation of cash and cash equivalents and restricted cash as reported with the unaudited condensed consolidated balance sheet that totals to the amounts shown in the unaudited condensed consolidated statements of cash flows at the date indicated (in thousands):


	September 30,
	2019

Cash and cash equivalents	$	124,726
Restricted cash	4,903
Total cash, cash equivalents and restricted cash shown in the
unaudited condensed consolidated statements of cash flows	$	129,629

Schedule of Earnings Per Share, Basic and Diluted

A reconciliation of the calculation of basic and diluted earnings per share was as follows for the periods indicated (in thousands, except per share data):


	Three Months Ended September 30,						Nine Months Ended September 30,

	2019		2018		2019		2018
Earnings per share — numerator:
Net earnings	$	640	$	2,035	$	5,554	$	6,793

Denominator:
Basic weighted average number of shares outstanding	4,234		4,218		4,226		4,218

Basic earnings per share	$	0.15	$	0.48	$	1.31	$	1.61

Diluted earnings per share:
Diluted weighted average number of shares outstanding:
Common shares	4,234		4,218		4,226		4,218
Restricted stock unit awards	3		1		4		—
Performance share unit awards⁽¹⁾	1		—		—		—
Total	4,238		4,219		4,230		4,218

Diluted earnings per share	$	0.15	$	0.48	$	1.31	$	1.61

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(1) The dilutive effect of performance share awards are included in the calculation of diluted earnings per share when the performance share award performance conditions have been achieved. The performance conditions for the performance share unit awards granted in 2018 were achieved as of December 31, 2018. For the nine months ended September 30, 2019, the effect of the performance share awards on earning per share is anti-dilutive.

Schedule of Common Stock Outstanding

The following table reconciles our outstanding common stock for the periods indicated:


						Common
						shares

Balance, January 1, 2019						4,217,596
Vesting of restricted stock unit awards						375
Balance, March 31, 2019						4,217,971
Issuance of shares in acquisition (see Note 6)						11,145
Vesting of restricted stock unit awards (see Note 11)						5,354
Shares withheld to cover taxes upon vesting of restricted stock unit awards						(883)
Balance, June 30, 2019 and September 30, 2019 ⁽¹⁾						4,233,587

_______________

(1) There was no change in the number of common shares outstanding during the three months ended September 30, 2019.