Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 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 Years Ended December 31,
	2020		2019		2018
Basic weighted average number of shares outstanding	12,642,576		12,904,397		13,248,876
Net dilutive effect of share-based awards, treasury method (1)	574,759		947,435		812,493
Diluted weighted average number of shares outstanding	13,217,335		13,851,832		14,061,369
Net income	$	122,986	$	52,953	$	28,892
Earnings per share
Basic	$	9.73	$	4.10	$	2.18
Diluted	$	9.30	$	3.82	$	2.05

 

(1)For the year ended December 31, 2020, the diluted net income 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 and 4,050 shares for the years ended December 31, 2019 and 2018, respectively).