Earnings Per Share

9 Months Ended

Sep. 30, 2020

Earnings Per Share

Earnings Per Share

Note 10 – Earnings Per Share

The earnings per share, both basic and diluted, are included below as of September 30:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2020		2019		2020		2019
Basic earnings per share:
Weighted-average common shares outstanding		29,559,026		29,899,063		29,708,239		29,880,511
Net income	$	10,265	$	12,173	$	19,778	$	29,919
Basic earnings per share	$	0.35	$	0.41	$	0.67	$	1.00
Diluted earnings per share:
Weighted-average common shares outstanding		29,559,026		29,899,063		29,708,239		29,880,511
Dilutive effect of unvested restricted awards 1		543,275		539,270		553,482		510,454
Diluted average common shares outstanding		30,102,301		30,438,333		30,261,721		30,390,965
Net Income	$	10,265	$	12,173	$	19,778	$	29,919
Diluted earnings per share	$	0.34	$	0.40	$	0.65	$	0.98
1 Includes the common stock equivalents for restricted share rights that are dilutive.