XML 32 R19.htm IDEA: XBRL DOCUMENT v3.8.0.1
Earnings per Share/Capital Stock: (Tables)
 3 Months Ended
Mar. 31, 2018
Earnings Per Share [Abstract]  
Schedule of reconciliation of Registrant's net income and weighted average Common Shares outstanding for calculating basic net income per share
Basic:
 
For The Three Months Ended March 31,
(in thousands, except per share amounts)
 
2018
 
2017
Net income
 
$
10,782

 
$
12,701

Less: (a) Distributed earnings to common shareholders
 
9,362

 
8,854

Distributed earnings to participating securities
 
46

 
42

Undistributed earnings
 
1,374

 
3,805

 
 
 
 
 
          (b) Undistributed earnings allocated to common shareholders
 
1,367

 
3,787

Undistributed earnings allocated to participating securities
 
7

 
18

Total income available to common shareholders, basic (a)+(b)
 
$
10,729

 
$
12,641

 
 
 
 
 
Weighted average Common Shares outstanding, basic
 
36,712

 
36,590

Basic earnings per Common Share
 
$
0.29

 
$
0.35
Schedule of reconciliation of Registrant's net income and weighted average Common Shares outstanding for calculating diluted net income per share
The following is a reconciliation of Registrant’s net income and weighted average Common Shares outstanding for calculating diluted net income per share:
Diluted:
 
For The Three Months Ended March 31,
(in thousands, except per share amounts)
 
2018
 
2017
Common shareholders earnings, basic
 
$
10,729

 
$
12,641

Undistributed earnings for dilutive stock-based awards
 
8

 
18

Total common shareholders earnings, diluted
 
$
10,737

 
$
12,659

 
 
 
 
 
Weighted average common shares outstanding, basic
 
36,712

 
36,590

Stock-based compensation (1)
 
162

 
192

Weighted average common shares outstanding, diluted
 
36,874

 
36,782

 
 
 
 
 
Diluted earnings per Common Share
 
$
0.29

 
$
0.34

 
(1)      In applying the treasury stock method of reflecting the dilutive effect of outstanding stock-based compensation in the calculation of diluted EPS, 47,792 and 120,138 stock options at March 31, 2018 and 2017, respectively, were deemed to be outstanding in accordance with accounting guidance on earnings per share.  All of the 193,740 and 194,031 restricted stock units at March 31, 2018 and 2017, respectively, were included in the calculation of diluted EPS for the three months ended March 31, 2018 and 2017.