Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2020

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,
	2020		2019		2020		2019
Basic weighted average number of shares outstanding	12,553,802		12,825,944		12,696,143		12,940,129
Net dilutive effect of share-based awards, treasury method (1)	592,784		1,007,050		498,291		906,010
Diluted weighted average number of shares outstanding	13,146,586		13,832,994		13,194,434		13,846,139
Net income	$	15,639	$	3,949	$	41,106	$	27,518
Earnings per share
Basic	$	1.25	$	0.31	$	3.24	$	2.13
Diluted	$	1.19	$	0.29	$	3.12	$	1.99

     (1) For both the three and nine months ended September 30, 2020, the diluted earnings per share

computation does not include the anti-dilutive effect of 10,770 shares of Class A Stock granted under

share-based compensation arrangements (7,628 shares for both the three and nine months ended

September 30, 2019).