Earnings per Weighted Average Common Share (Tables)

9 Months Ended

Sep. 30, 2019

Earnings per Weighted Average Common Share

Computation of basic and diluted EPS

	Three Months Ended September 30,				Nine Months Ended September 30,
	2019		2018		2019		2018
Earnings attributable to common shareholders - basic and diluted:
Net income from continuing operations	$	15,619	$	28,908	$	71,499	$	64,849
Allocation of income for participating shares		(80)		(170)		(378)		(389)
Net income from continuing operations attributed to common shareholders	$	15,539	$	28,738	$	71,121	$	64,460
Earnings per share denominator - basic and diluted
Total weighted average common shares outstanding, including participating shares		15,299,689		15,181,196		15,275,322		15,167,153
Less: weighted average participating shares		(78,787)		(89,442)		(80,853)		(90,939)
Basic earnings per share denominator		15,220,902		15,091,754		15,194,469		15,076,214
Common equivalent shares- non-vested performance stock grants		140,006		158,578		142,862		141,713
Diluted earnings per share denominator		15,360,908		15,250,332		15,337,331		15,217,927
Basic earnings per share	$	1.02	$	1.90	$	4.68	$	4.28
Diluted earnings per share	$	1.01	$	1.88	$	4.64	$	4.24
Undistributed earnings attributable to common shareholders - basic and diluted:
Net income from continuing operations attributable to common shareholders -Basic	$	1.02	$	1.90	$	4.68	$	4.28
Dividends declared		(0.90)		(0.80)		(2.50)		(2.40)
Undistributed earnings	$	0.12	$	1.10	$	2.18	$	1.88
Net income from continuing operations attributable to common shareholders -Diluted	$	1.01	$	1.88	$	4.64	$	4.24
Dividends declared		(0.90)		(0.80)		(2.50)		(2.40)
Undistributed earnings	$	0.11	$	1.08	$	2.14	$	1.84