Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2019

Earnings Per Share [Abstract]

Summary of Earnings Per Share

Earnings per share have been calculated as follows:

(Expressed in thousands, except number of shares and per share amounts)
	For the Three Months Ended June 30,				For the Six Months Ended June 30,
	2019		2018		2019		2018
Basic weighted average number of shares outstanding	12,976,235		13,248,812		12,998,168		13,244,245
Net dilutive effect of share-based awards, treasury method (1)	885,518		801,761		859,448		761,311
Diluted weighted average number of shares outstanding	13,861,753		14,050,573		13,857,616		14,005,556
Net income	$	12,375	$	8,855	$	23,569	$	15,560
Net income per share
Basic	$	0.95	$	0.67	$	1.81	$	1.17
Diluted	$	0.89	$	0.63	$	1.70	$	1.11

(1) For both the three and six months ended June 30, 2019, the diluted net income per share computation does not include the anti-dilutive effect of 7,628 shares of Class A Stock granted under share-based compensation arrangements (4,050 shares for both the three and six months ended June 30, 2018).