Earnings Per Share (Tables)

9 Months Ended

Sep. 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 September 30,				For the Nine Months Ended September 30,
	2019		2018		2019		2018
Basic weighted average number of shares outstanding	12,825,944		13,269,024		12,940,129		13,252,596
Net dilutive effect of share-based awards, treasury method (1)	1,007,050		871,239		906,010		790,730
Diluted weighted average number of shares outstanding	13,832,994		14,140,263		13,846,139		14,043,326
Net income	$	3,949	$	5,071	$	27,518	$	20,631
Net income per share
Basic	$	0.31	$	0.38	$	2.13	$	1.56
Diluted	$	0.29	$	0.36	$	1.99	$	1.47

(1) For both the three and nine months ended September 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 nine months ended September 30, 2018).