XML 39 R28.htm IDEA: XBRL DOCUMENT v3.20.2
Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2020
Earnings Per Share [Abstract]  
Computations of Basic and Diluted Net Income per Share
Basic earnings per share is calculated by dividing net income by the weighted average shares outstanding. Diluted earnings per share is calculated using the treasury stock method by dividing net income by the total weighted average shares of common stock outstanding and restricted stock awards.  The computations of basic and diluted net income per share were as follows (in thousands, except per share amounts):

 
Three Months Ended June 30,
   
Six Months Ended June 30,
 
   
2020
   
2019
   
2020
   
2019
 
Basic:
                       
Net income
 
$
11,290
   
$
24,017
   
$
22,535
   
$
43,909
 
Weighted average shares outstanding
   
26,629
     
27,357
     
26,658
     
27,929
 
Basic net income per share
 
$
0.42
   
$
0.88
   
$
0.85
   
$
1.57
 
                                 
Diluted:
                               
Net income
 
$
11,290
   
$
24,017
   
$
22,535
   
$
43,909
 
                                 
Weighted average shares outstanding
   
26,629
     
27,357
     
26,658
     
27,929
 
Restricted stock awards
   
27
     
56
     
55
     
44
 
Total
   
26,656
     
27,413
     
26,713
     
27,973
 
                                 
Diluted net income per share
 
$
0.42
   
$
0.88
   
$
0.84
   
$
1.57