Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2019

Summary of Significant Accounting Policies [Abstract]


	Year ended December 31, 2019
	Income	Shares	Per share
	(numerator)	(denominator)	amount
	(dollars in thousands except per share data)
Basic earnings per share from continuing operations
Net income available to common shareholders	$ 51,268	56,765,635	$ 0.90
Effect of dilutive securities
Common stock options and restricted stock units	-	573,350	(0.01)
Diluted earnings per share
Net income available to common shareholders	$ 51,268	57,338,985	$ 0.89


	Year ended December 31, 2019
	Income	Shares	Per share
	(numerator)	(denominator)	amount
	(dollars in thousands except per share data)
Basic earnings per share from discontinued operations
Net income available to common shareholders	$ 291	56,765,635	$ 0.01
Effect of dilutive securities
Common stock options and restricted stock units	-	573,350	-
Diluted earnings per share
Net income available to common shareholders	$ 291	57,338,985	$ 0.01


	Year ended December 31, 2019
	Income	Shares	Per share
	(numerator)	(denominator)	amount
	(dollars in thousands except per share data)
Basic earnings per share
Net income available to common shareholders	$ 51,559	56,765,635	$ 0.91
Effect of dilutive securities
Common stock options and restricted stock units	-	573,350	(0.01)
Diluted earnings per share
Net income available to common shareholders	$ 51,559	57,338,985	$ 0.90

Stock options for 971,604 shares, exercisable at prices between $6.75 and $9.58 per share, were outstanding at December 31, 2019 and included in the dilutive earnings per share computation because the exercise price per share was less than the average market price. Stock options for 340,000 shares were anti-dilutive and not included in the earnings per share calculation.


	Year ended December 31, 2018
	Income	Shares	Per share
	(numerator)	(denominator)	amount
	(dollars in thousands except per share data)
Basic earnings per share from continuing operations
Net income available to common shareholders	$ 87,540	56,343,845	$ 1.55
Effect of dilutive securities
Common stock options and restricted stock units	-	724,461	(0.02)
Diluted earnings per share
Net income available to common shareholders	$ 87,540	57,068,306	$ 1.53


	Year ended December 31, 2018
	Income	Shares	Per share
	(numerator)	(denominator)	amount
	(dollars in thousands except per share data)
Basic earnings per share from discontinued operations
Net income available to common shareholders	$ 1,137	56,343,845	$ 0.02
Effect of dilutive securities
Common stock options and restricted stock units	-	724,461	-
Diluted earnings per share
Net income available to common shareholders	$ 1,137	57,068,306	$ 0.02


	Year ended December 31, 2018
	Income	Shares	Per share
	(numerator)	(denominator)	amount
	(dollars in thousands except per share data)
Basic earnings per share
Net income available to common shareholders	$ 88,677	$ 56,343,845	$ 1.57
Effect of dilutive securities
Common stock options and restricted stock units	-	724,461	(0.02)
Diluted earnings per share
Net income available to common shareholders	$ 88,677	57,068,306	$ 1.55

Stock options for 1,160,000 shares, exercisable at prices between $6.75 and $9.84 per share, were outstanding at December 31, 2018, and included in the dilutive earnings per share computation because the exercise price per share was less than the average market price.


	Year ended December 31, 2017
	Income	Shares	Per share
	(numerator)	(denominator)	amount
	(dollars in thousands except per share data)
Basic income per share from continuing operations
Net earnings available to common shareholders	$ 17,338	55,686,507	$ 0.31
Effect of dilutive securities
Common stock options and restricted stock units	-	489,762	-
Diluted income per share
Net earnings available to common shareholders	$ 17,338	56,176,269	$ 0.31


	Year ended December 31, 2017
	Income	Shares	Per share
	(numerator)	(denominator)	amount
	(dollars in thousands except per share data)
Basic income per share from discontinued operations
Net earnings available to common shareholders	$ 4,335	55,686,507	$ 0.08
Effect of dilutive securities
Common stock options and restricted stock units	-	489,762	-
Diluted income per share
Net earnings available to common shareholders	$ 4,335	56,176,269	$ 0.08


	Year ended December 31, 2017
	Income	Shares	Per share
	(numerator)	(denominator)	amount
	(dollars in thousands except per share data)
Basic income per share
Net earnings available to common shareholders	$ 21,673	$ 55,686,507	$ 0.39
Effect of dilutive securities
Common stock options and restricted stock units	-	489,762	-
Diluted income per share
Net earnings available to common shareholders	$ 21,673	56,176,269	$ 0.39

Stock options for 1,152,625 shares, exercisable at prices between $7.36 and $10.45 per share, were outstanding at December 31, 2017, but were not included in the dilutive earnings per share computation because the exercise price per share was greater than the average market price.

Summary Of Gross Carrying Value And Accumulated Amortization Related To The Company's Intangible Items


	December 31,
	2019		2018
	Gross		Gross
	Carrying	Accumulated	Carrying	Accumulated
	Amount	Amortization	Amount	Amortization
	(in thousands)

Customer list intangibles	$ 15,411	$ 13,255	$ 15,411	$ 11,914
Software intangible	1,817	1,658	1,817	1,468
Total	$ 17,228	$ 14,913	$ 17,228	$ 13,382

Schedule Of Approximate Future Annual Amortization Of The Company's Intangible Items


Year ending December 31,
2020		$ 499
2021		340
2022		340
2023		340
2024		340
Thereafter		456
		$ 2,315

Scheduled Maturities of Direct Financing Leases


2020		$ 134,202
2021		96,385
2022		61,090
2023		32,712
2024		11,930
2025 and thereafter		1,809
Total undiscounted cash flows		338,128
Residual value *		142,730
Difference between undiscounted cash flows and discounted cash flows		(46,398)
Present value of lease payments recorded as lease receivables		$ 434,460

*Of the $142,730, $29,638 is not guaranteed by the lessee.