XML 17 R12.htm IDEA: XBRL DOCUMENT v3.20.1
Net Income Per Share
3 Months Ended
Mar. 31, 2020
Earnings Per Share [Abstract]  
Net Income Per Share Net Income Per Share
 
Basic net income per common share (“Basic EPS”), is computed by dividing net income by the weighted average number of common shares outstanding during the period. Diluted net income per common share (“Diluted EPS”) reflects the potential dilution that could occur if stock options or other contracts to issue common stock were exercised or converted into common stock. The computation of Diluted EPS does not assume exercise or conversion of securities that would have an anti-dilutive effect on net income per common share.

Following is a reconciliation of the numerator and denominator of Basic EPS to the numerator and denominator of Diluted EPS for the three months ended March 31, 2020 and 2019 (dollar and share amounts in thousands, except for per share information): 
 Three Months Ended
March 31,
 20202019
Net income attributable to common shareholders$2,962  $1,757  
Basic weighted average shares outstanding19,453  19,268  
Basic earnings per share attributable to common shareholders$0.15  $0.09  
Diluted shares outstanding:  
Basic weighted-average shares outstanding19,453  19,268  
Stock-based awards136  317  
Diluted weighted-average shares outstanding19,589  19,585  
Diluted earnings per share attributable to common shareholders$0.15  $0.09  
Dilutive shares excluded from diluted-per-share amounts:  
Stock options850  511  
Anti-dilutive shares excluded from diluted-per-share amounts:  
Stock options214  1,032  

Potentially dilutive shares excluded from diluted-per-share amounts include performance-based restricted stock units ("RSU"), for which certain earnings metrics have not been achieved. Potentially anti-dilutive shares excluded from diluted-per-share amounts include both non-qualified stock options and unearned performance-based options to purchase shares of common stock with exercise prices greater than the weighted-average share price during the period and shares that would be anti-dilutive to the computation of diluted net income per share for each of the periods presented.