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Earnings Per Common Share (Tables)
9 Months Ended
Sep. 30, 2019
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Earnings Per Common Share

The following table is a reconciliation of the numerator and denominator used in the computation of basic and diluted earnings per common share using the two-class method (in thousands except per share data):

 

 

Three Months Ended

September 30,

 

 

Nine Months Ended

September 30,

 

 

 

2019

 

 

2018

 

 

2019

 

 

2018

 

Net earnings

 

$

11,890

 

 

$

10,944

 

 

$

36,015

 

 

$

34,516

 

Less earnings attributable to RSUs outstanding

 

 

(246

)

 

 

(183

)

 

 

(737

)

 

 

(548

)

Net earnings attributable to common stockholders used in basic and diluted earnings per share calculation

 

 

11,644

 

 

 

10,761

 

 

 

35,278

 

 

 

33,968

 

Weighted average common shares outstanding:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

 

41,139

 

 

 

40,430

 

 

 

41,013

 

 

 

40,016

 

Incremental shares from stock-based compensation

 

 

37

 

 

 

25

 

 

 

30

 

 

 

15

 

Diluted

 

 

41,176

 

 

 

40,455

 

 

 

41,043

 

 

 

40,031

 

Basic earnings per common share

 

$

0.28

 

 

$

0.27

 

 

$

0.86

 

 

$

0.85

 

Diluted earnings per common share

 

$

0.28

 

 

$

0.27

 

 

$

0.86

 

 

$

0.85