Earnings per Share

6 Months Ended

Jun. 30, 2020

Earnings Per Share [Abstract]

Earnings per Share

Earnings per ShareBasic earnings per share are determined by dividing earnings by the weighted average number of common shares outstanding during each period. Diluted earnings per share include the potential dilutive effect of restricted stock units and shares held in the Company’s Supplemental Executive Retirement Plan.

The following table sets forth net income attributable to controlling interest and the number of basic and diluted shares used in the computation of earnings per share:

	Three Months Ended June 30,				Six Months Ended June 30,
(in thousands, except per share amounts)	2020		2019		2020		2019
Numerator:
Net income attributable to controlling interest	$	9,258	$	23,377	$	29,902	$	37,651
Denominator:
Denominator for basic earnings per share	22,584		22,509		22,567		22,503
Effect of dilutive securities:
Restricted stock units	82		110		101		105
Supplemental Executive Retirement Plan	45		48		47		48
Denominator for diluted earnings per share	22,711		22,667		22,715		22,656